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Munroe Falls, OH

Full City Profile · Ohio · Summit County County

4.0 /5.0
A Great
5,019 Population 1,812/sq mi density
$75,089 Median Income $39,939 per capita
$223,800 Home Value $269,359 Zillow
49°F Avg Temperature 275 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.5 / 5.0
$75,089 median income, 2.0% unemployment
A+
Affordability
5.0 / 5.0
$223,800 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A
Education
4.0 / 5.0
38.1% bachelor's degree or higher

Housing Overview

Median Home Value
$223,800
21% below
US avg: $281,900
Homeownership Rate
80.1%
22% above US avg (65.4%)
Total Housing Units
2,298
Median year built: 1973

Home Value by Source

Census Median
$223,800
Zillow (ZHVI)
$269,359
Median Sale Price
$242,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.1%
Owner-Occupied
19.9%
Renter-Occupied
80%
20%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo

Market Indicators (Redfin)

Median Days on Market
52 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
66.7%
of listings with price reduction
Price Per Sq Ft
$147
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
36.3%
of renters spending 30%+ of income on housing
17% above US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
80.1%

Complete Housing Data

Home Values

Census Median Value$223,800
Zillow Home Value (ZHVI)$269,359
Median Sale Price$242,500
Price Per Sq Ft$147

Rent

FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market52
Sale-to-List Ratio1.0%
Price Drops66.7%
Homes Sold2
Active Inventory3
Price Per Sq Ft$147

Ownership & Stock

Owner-Occupied80.1%
Renter-Occupied19.9%
Homeownership Rate80.1%
Total Housing Units2,298
Median Year Built1973
Rent Burden36.3%