Solon, OH—44139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solon, OH
As of Oct '25, the median home price in Solon, OH is $446,000, with a year-over-year change of 5.5%. This indicates that home prices in Solon, OH are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $446,000 | 5.5% |
| Single Family | $454,000 | 5.8% |
| Condos | $236,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 6.7% |
3 Bed | $333,000 | 5.4% |
4 Bed | $515,000 | 6.0% |
| 5 Bed | $746,000 | 4.5% |
% of Housing Stock
Rental Trends — Solon, OH
As of July '25, Rentcast reports the average rent in Solon, OH is $3,160, with a year-over-year rent change of 55.7%. Per bedroom, the median rent as of July '25 in Solon, OH is 1-bedrooms: $2,080, 2-bedrooms: $1,200, 3-bedrooms: $2,670, 4-bedrooms: $3,310. The most common rental property sizes in Solon, OH are 2-bedroom and 1-bedroom, accounting for 48.3% and 17.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $2,080 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $2,300 | $2,670 |
| 4 Bed Rent | $2,900 | $3,310 |
% of Rental Stock
Property Listings — Solon, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Solon, OH is 44. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $553,000 | 14.0% |
Listing Count | 51 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 44 | 2.0% |
Demographics — Solon, OH
As of the latest ACS Survey released in 2023, Solon, OH has a population of 24,800, which has increased by 2.2% over the past 5 years. Solon, OH is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | 2.2% |
% Under 18 | 25.8% | -2.3% |
% Seniors | 21.2% | 26.2% |
% WFH | 18.3% | 221.1% |
% w/ College Degree | 62.5% | 3.0% |
As of the latest ACS Survey released in 2023, Solon, OH is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Solon, OH is asian, making up 13.9% of the population. Foreign-born residents account for 18.2% of the population in Solon, OH, and this percentage has increased by 13.7% 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 | 64.8% | -8.7% |
% Black | 12.5% | 3.3% |
% Hispanic | 3.2% | 100.0% |
% Asian | 13.9% | 13.0% |
% Foreign Born | 18.2% | 13.7% |
Mortgage and Risk — Solon, OH
According to HUD data as of 2023, there were 465 mortgage originations in Solon, OH, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Solon, OH. Investor activity is low, as 2.0% 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 | 465 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Solon, OH
As of 2024, the percent of homes in Solon, OH under the Section 8 program is 1.0%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Solon, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,320 | $1,380 |
| 2 Bedroom | $480 | $1,200 | $1,680 |
| 3 Bedroom | -$140 | $2,300 | $2,160 |
| 4 Bedroom | -$580 | $2,900 | $2,320 |
Affordability — Solon, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $446,000 |
| Median Household Income | $135,000 |