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Chagrin Falls, OH—44023

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$467,000
3.3% YoY Growth
Household Income
$130,000
10.1% YoY Growth
Days on Market
58
1.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$2,400
12.2% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,800
N/A
3-Bed Rent
$2,000
11.3% YoY Growth

Other Zip Codes in Chagrin Falls, OH

44022
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Chagrin Falls, OH

As of Dec '25, the median home price in Chagrin Falls, OH is $467,000, with a year-over-year change of 3.3%. This indicates that home prices in Chagrin Falls, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$467,0003.3%
Single Family $486,0003.2%
Condos $349,0003.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$249,0000.8%
    3 Bed
    		$379,0003.6%
    4 Bed
    		$573,0003.6%
    5 Bed $725,7353.4%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    1.4%
    2 Bedrooms
    7.3%
    3 Bedrooms
    33.3%
    4 Bedrooms
    44.1%
    5+ Bedrooms
    12.5%

    Rental Trends — Chagrin Falls, OH

    As of July '25, Rentcast reports the average rent in Chagrin Falls, OH is $2,850, with a year-over-year rent change of 12.2%. Per bedroom, the median rent as of July '25 in Chagrin Falls, OH is 2-bedrooms: $1,800, 3-bedrooms: $2,200, 4-bedrooms: $3,630. The most common rental property sizes in Chagrin Falls, OH are 2-bedroom and 3-bedroom, accounting for 32.0% and 23.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,850
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,800$1,800
    3 Bed Rent $2,000$2,200
    4 Bed Rent $3,600$3,630
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    % of Rental Stock

    Studio
    9.0%
    1 Bedroom
    11.9%
    2 Bedrooms
    32.0%
    3 Bedrooms
    23.3%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    7.5%

    Property Listings — Chagrin Falls, OH

    As of Dec '25, Realtor.com reports that the median days on market for a home in Chagrin Falls, OH is 46. This is a decrease of -4.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$439,00014.0%
    Listing Count
    		44-9.0%
    Listings as % of Homes0.5%-9.0%
    Days on Market
    		58-1.0%
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    Demographics — Chagrin Falls, OH

    As of the latest ACS Survey released in 2023, Chagrin Falls, OH has a population of 18,900, which has increased by 8.2% over the past 5 years. Chagrin Falls, OH is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		18,9008.2%
    % Under 18
    		23.2%-4.9%
    % Seniors
    		21.7%14.8%
    % WFH
    		22.4%117.5%
    % w/ College Degree
    		56.8%-2.1%
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    As of the latest ACS Survey released in 2023, Chagrin Falls, OH is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Chagrin Falls, OH is black, making up 1.8% of the population. Foreign-born residents account for 3.3% of the population in Chagrin Falls, OH, and this percentage has increased by 26.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.3%-1.9%
    % Black
    		1.8%-33.3%
    % Hispanic
    		1.7%70.0%
    % Asian
    		1.2%-14.3%
    % Foreign Born
    		3.3%26.9%
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    Mortgage and Risk — Chagrin Falls, OH

    According to HUD data as of 2023, there were 428 mortgage originations in Chagrin Falls, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Chagrin Falls, OH. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		428
    % Conventional Loans
    		95.0%
    % Government Loans
    		5.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Chagrin Falls, OH

    Chagrin Falls, OH lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		40
    Total Units Section 8
    		11
    % Rentals under Section 8
    		1.4%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,380
    2 Bedroom-$130$1,800$1,670
    3 Bedroom$150$2,000$2,150
    4 Bedroom-$1,300$3,600$2,300

    Affordability — Chagrin Falls, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$467,000
    Median Household Income$130,000

    Chagrin Falls, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Newbury, OH

    44065

    Aurora, OH

    44202

    Novelty, OH

    44072

    Mantua, OH

    44255

    Chagrin Falls, OH

    44022

    Frequently Asked Questions