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Munroe Falls

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

Median Home$258,100
Population5,064
Leading IndustriesPublic Administration · Retail · Transportation34% public administration
Home Value Growth⬆⬆+12.7% over 2 years
Retirees31% of residentswell above average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$90k/year · top 25% nationally
Munroe Falls
OH

Frequently Asked Questions

What are today's mortgage rates in Munroe Falls?

As of today, the 30-year fixed mortgage rate for Munroe Falls is approximately 7.004% (7.044% 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 Munroe Falls?

The median home value in Munroe Falls is $258k. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Munroe Falls?

Home values in Munroe Falls have increased 12.7% 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 Munroe Falls?

Based on a typical all-in ownership cost of $1,114/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Munroe Falls is $90k/year.

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What industries drive the economy in Munroe Falls?

The largest employment sectors in Munroe Falls are public administration (34%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.