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Stow-Munroe Falls

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

Median Home$251,662
Median Rent$1,198/month
Population39,658
Leading IndustriesTransportation · Retail · Professional Services4% transportation
Home Value Growth⬆⬆+14.4% over 2 years
Retirees22% of residentsslightly above average
Homeowners73% of occupied units
NotableHighly Educated30% bachelor's · 13% graduate · top 5% nationally
NotableHigh Incomes$95k/year · top 19% nationally
Stow-Munroe Falls
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Stow-Munroe Falls?

As of today, the 30-year fixed mortgage rate for Stow-Munroe Falls is approximately 7.005% (7.045% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Stow-Munroe Falls
What is the median home price in Stow-Munroe Falls?

The median home value in Stow-Munroe Falls is $252k. The median monthly rent is $1,198. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stow-Munroe Falls?

Home values in Stow-Munroe Falls have increased 14.4% 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 Stow-Munroe Falls?

Based on a typical all-in ownership cost of $1,243/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stow-Munroe Falls is $95k/year.

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What industries drive the economy in Stow-Munroe Falls?

The largest employment sectors in Stow-Munroe Falls are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.