North Olmsted, OH—44070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Olmsted, OH
As of Oct '25, the median home price in North Olmsted, OH is $264,000, with a year-over-year change of 5.3%. This indicates that home prices in North Olmsted, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 5.4% |
| Single Family | $277,000 | 5.3% |
| Condos | $145,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $87,000 | 3.6% |
2 Bed | $164,000 | 5.1% |
3 Bed | $258,000 | 5.7% |
4 Bed | $320,000 | 5.3% |
| 5 Bed | $343,000 | 4.9% |
% of Housing Stock
Rental Trends — North Olmsted, OH
As of July '25, Rentcast reports the average rent in North Olmsted, OH is $1,590, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in North Olmsted, OH is studios: $1,330, 1-bedrooms: $1,150, 2-bedrooms: $1,250, 3-bedrooms: $2,500, 4-bedrooms: $2,700. The most common rental property sizes in North Olmsted, OH are 2-bedroom and 1-bedroom, accounting for 55.1% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,590 |
| Studio Rent | $950 | $1,330 |
| 1 Bed Rent | $990 | $1,150 |
| 2 Bed Rent | $1,100 | $1,250 |
| 3 Bed Rent | $2,640 | $2,500 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — North Olmsted, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in North Olmsted, OH is 32. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 10.0% |
Listing Count | 77 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 32 | -1.0% |
Demographics — North Olmsted, OH
As of the latest ACS Survey released in 2023, North Olmsted, OH has a population of 32,000, which has remained stable by 0.6% over the past 5 years. North Olmsted, OH is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | 0.6% |
% Under 18 | 21.9% | 12.3% |
% Seniors | 21.3% | 6.5% |
% WFH | 15.1% | 371.9% |
% w/ College Degree | 32.7% | 7.2% |
As of the latest ACS Survey released in 2023, North Olmsted, OH is a predominantly white area, with 84.7% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in North Olmsted, OH is hispanic, making up 7.4% of the population. Foreign-born residents account for 8.5% of the population in North Olmsted, OH, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.7% | -4.6% |
% Black | 2.2% | -8.3% |
% Hispanic | 7.4% | 117.6% |
% Asian | 2.7% | -6.9% |
% Foreign Born | 8.5% | -16.7% |
Mortgage and Risk — North Olmsted, OH
According to HUD data as of 2023, there were 635 mortgage originations in North Olmsted, OH, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in North Olmsted, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 635 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Olmsted, OH
As of 2024, the percent of homes in North Olmsted, OH under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in North Olmsted, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $990 | $1,070 |
| 2 Bedroom | $200 | $1,100 | $1,300 |
| 3 Bedroom | -$970 | $2,640 | $1,670 |
| 4 Bedroom | -$910 | $2,700 | $1,790 |
Affordability — North Olmsted, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $264,000 |
| Median Household Income | $85,400 |