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Chagrin Falls Exempted

Learn about the people, housing, costs and businesses in Chagrin Falls Exempted, Ohio

Median Home$463,338
Median Rent$1,655/month
Population11,219
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare4% education
Home Value Growth⬆⬆+19.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners87% of occupied units
NotableHighly Educated37% bachelor's · 21% graduate · top 1% nationally
NotableHigh Incomes$144k/year · top 1% nationally
Chagrin Falls Exempted Village
OH

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Frequently Asked Questions

What are today's mortgage rates in Chagrin Falls Exempted?

As of today, the 30-year fixed mortgage rate for Chagrin Falls Exempted is approximately 6.850% (6.885% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chagrin Falls Exempted?

The median home value in Chagrin Falls Exempted is $463k. The median monthly rent is $1,655. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chagrin Falls Exempted?

Home values in Chagrin Falls Exempted have increased 19.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chagrin Falls Exempted?

Based on a typical all-in ownership cost of $1,983/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chagrin Falls Exempted is $144k/year.

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What industries drive the economy in Chagrin Falls Exempted?

The largest employment sectors in Chagrin Falls Exempted are public administration (27%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.