Olmsted Falls, OH—44138
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Olmsted Falls, OH
As of Oct '25, the median home price in Olmsted Falls, OH is $292,000, with a year-over-year change of 4.5%. This indicates that home prices in Olmsted Falls, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 4.5% |
| Single Family | $316,000 | 4.3% |
| Condos | $175,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 4.5% |
3 Bed | $271,000 | 5.0% |
4 Bed | $403,000 | 5.5% |
| 5 Bed | $436,000 | 4.8% |
% of Housing Stock
Rental Trends — Olmsted Falls, OH
As of July '25, Rentcast reports the average rent in Olmsted Falls, OH is $2,170, with a year-over-year rent change of 34.0%. Per bedroom, the median rent as of July '25 in Olmsted Falls, OH is 1-bedrooms: $1,200, 2-bedrooms: $1,840, 3-bedrooms: $2,450, 4-bedrooms: $4,050. The most common rental property sizes in Olmsted Falls, OH are 2-bedroom and 1-bedroom, accounting for 63.1% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,200 |
| 2 Bed Rent | $1,850 | $1,840 |
| 3 Bed Rent | $2,140 | $2,450 |
| 4 Bed Rent | $4,000 | $4,050 |
% of Rental Stock
Property Listings — Olmsted Falls, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Olmsted Falls, OH is 30. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -10.0% |
Listing Count | 59 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 30 | -22.0% |
Demographics — Olmsted Falls, OH
As of the latest ACS Survey released in 2023, Olmsted Falls, OH has a population of 23,100, which has increased by 3.4% over the past 5 years. Olmsted Falls, OH is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | 3.4% |
% Under 18 | 24.3% | 8.0% |
% Seniors | 19.2% | -8.6% |
% WFH | 16.1% | 250.0% |
% w/ College Degree | 44.9% | 21.4% |
As of the latest ACS Survey released in 2023, Olmsted Falls, OH is a predominantly white area, with 84.7% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Olmsted Falls, OH is hispanic, making up 8.5% of the population. Foreign-born residents account for 5.7% of the population in Olmsted Falls, OH, and this percentage has increased by 58.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.7% | -9.6% |
% Black | 3.0% | 233.3% |
% Hispanic | 8.5% | 269.6% |
% Asian | 1.8% | -14.3% |
% Foreign Born | 5.7% | 58.3% |
Mortgage and Risk — Olmsted Falls, OH
According to HUD data as of 2023, there were 519 mortgage originations in Olmsted Falls, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Olmsted Falls, 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 | 519 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Olmsted Falls, OH
As of 2024, the percent of homes in Olmsted Falls, OH under the Section 8 program is 0.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Olmsted Falls, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,100 | $1,190 |
| 2 Bedroom | -$400 | $1,850 | $1,450 |
| 3 Bedroom | -$280 | $2,140 | $1,860 |
| 4 Bedroom | -$2,000 | $4,000 | $2,000 |
Affordability — Olmsted Falls, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $292,000 |
| Median Household Income | $93,900 |