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Olmsted Falls

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

Median Home$231,609
Median Rent$1,406/month
Population23,704
Leading IndustriesHealthcare · Transportation · Finance & Insurance12% healthcare
Home Value Growth⬆⬆+20.6% over 2 years
Retirees26% of residentswell above average
Homeowners78% of occupied units
NotableHigh Incomes$100k/year · top 15% nationally
NotableHighly Educated23% bachelor's · 13% graduate · top 20% nationally
Olmsted Falls
OH

Frequently Asked Questions

What are today's mortgage rates in Olmsted Falls?

As of today, the 30-year fixed mortgage rate for Olmsted Falls is approximately 6.952% (6.990% 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 Olmsted Falls?

The median home value in Olmsted Falls is $232k. The median monthly rent is $1,406. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olmsted Falls?

Home values in Olmsted Falls have increased 20.6% 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 Olmsted Falls?

Based on a typical all-in ownership cost of $1,362/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olmsted Falls is $100k/year.

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What industries drive the economy in Olmsted Falls?

The largest employment sectors in Olmsted Falls are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.