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Olmsted Falls, OH

Full City Profile · Ohio · Medina County County

3.8 /5.0
B+ Good
8,640 Population 2,118/sq mi density
$93,907 Median Income $45,996 per capita
$214,800 Home Value $291,722 Zillow
$1,142 Median Rent 26.9% income on rent
52°F Avg Temperature 275 sunny days/yr
45 Violent Crime/100K 203 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$93,907 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$214,800 home value, $1,142/mo rent
F
Safety
1.0 / 5.0
45 violent crimes/100K
A
Education
4.2 / 5.0
40.1% bachelor's degree or higher

Housing Overview

Median Home Value
$214,800
24% below
US avg: $281,900
Median Rent
$1,142/mo
2% below
US avg: $1,163/mo
Homeownership Rate
84.6%
29% above US avg (65.4%)
Total Housing Units
3,904
Median year built: 1981

Home Value by Source

Census Median
$214,800
Zillow (ZHVI)
$291,722
Median Sale Price
$273,000
Median List Price
$259,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

84.6%
Owner-Occupied
15.4%
Renter-Occupied
85%
15%
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
Census median rent: $1,142/mo

Market Indicators (Redfin)

Median Days on Market
6 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
31.3%
of listings with price reduction
Price Per Sq Ft
$162
Active Inventory
16
homes for sale

Affordability & Housing Stock

Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
84.6%

Complete Housing Data

Home Values

Census Median Value$214,800
Zillow Home Value (ZHVI)$291,722
Median Sale Price$273,000
Median List Price$259,450
Price Per Sq Ft$162

Rent

Census Median Rent$1,142
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 Market6
Sale-to-List Ratio1.0%
Price Drops31.3%
Homes Sold4
Active Inventory16
Price Per Sq Ft$162

Ownership & Stock

Owner-Occupied84.6%
Renter-Occupied15.4%
Homeownership Rate84.6%
Total Housing Units3,904
Median Year Built1981
Rent Burden26.9%