Olmsted Falls, OH


Highest Appreciating Olmsted Falls Neighborhoods Since 2000

Olmsted Falls, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Olmsted Falls Housing Market Information

With a population of 8,889, 3,620 total housing units (homes and apartments), and a median house value of $147,749, Olmsted Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Olmsted Falls, accounting for 64.77% of the city's housing units. Other types of housing that are prevalent in Olmsted Falls include row houses and other attached homes ( 16.83%), large apartment complexes or high rise apartments ( 15.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olmsted Falls. Owner-occupied housing accounts for 82.58% of Olmsted Falls's homes, and 63.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Olmsted Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Olmsted Falls built between 1940-1969 ( 25.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.11%). There's also some housing in Olmsted Falls built before 1939 ( 6.62%).

Olmsted Falls Home Appreciation Rates

Olmsted Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Olmsted Falls during the period has been just -0.99%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Olmsted Falls's appreciation rate, at 3.50%, has been at or slightly above the national average. In the latest quarter, Olmsted Falls's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that Olmsted Falls's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Olmsted Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Olmsted Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Olmsted Falls real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Olmsted Falls, OH HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 0.0
$554,001 - $831,000 0.1
$443,001 - $554,000 0.1
$332,001 - $443,000 4.2
$222,001 - $332,000 16.3
$111,001 - $222,000 58.4
$55,001 - $111,000 16.5
$0 - $55,000 4.4

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
51.0137114731044 38.0577427821522

Number Of Homes And Apartments:

Olmsted Falls Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.53% 0.09% 3 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$900 / per month

Homeownership Rate

Owners 82.58
Renters 17.42
Vacant 4.96

Housing Market Details


Age of Homes

AGE OF Olmsted Falls HOMES
2000 or Newer 19.1
1970 - 1999 48.6
1940 - 1969 25.6
1939 or Older 6.6

Types of Homes

TYPE OF Olmsted Falls HOMES
Single-Family 64.8
Townhomes 16.8
Small Apt. Buildings 3.0
Apt. Complexes 15.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Olmsted Falls HOMES
No Bedroom 1.44
1 Bedroom 8.16
2 Bedrooms 24.36
3 Bedrooms 40.75
4 Bedrooms 22.76
5 or more bedrooms 2.52