Olmsted Falls, OH housing market
The typical Olmsted Falls home is worth about $305,000, up 3.1% in a year, 23% above the Ohio typical home. Homes typically sell in 33 days, a little above asking.
Home values, sales, trends and how Olmsted Falls compares with the towns next door — updated as new data is published.
Olmsted Falls at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Olmsted Falls | Ohio |
|---|---|---|
| 2017 | $169,000 | $133,000 |
| 2018 | $177,000 | $141,000 |
| 2019 | $186,000 | $150,000 |
| 2020 | $193,000 | $158,000 |
| 2021 | $212,000 | $178,000 |
| 2022 | $234,000 | $195,000 |
| 2023 | $254,000 | $211,000 |
| 2024 | $271,000 | $224,000 |
| 2025 | $288,000 | $237,000 |
| 2026 | $300,000 | $245,000 |
| August 2026 | $305,000 | $249,000 |
13 new homes permitted in 2025
Builders were permitted 13 new homes in Olmsted Falls in 2025, all single-family houses, worth about $6.7 million to build. That's 1.5 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Olmsted Falls has permitted 309 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Olmsted Falls's population fell by 442 even though 241 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $4 million |
| 2025 | 13 | 13 | 0 | $6.7 million |
| 2024 | 8 | 8 | 0 | $3.7 million |
| 2023 | 23 | 23 | 0 | $13.1 million |
| 2022 | 14 | 14 | 0 | $5.1 million |
| 2021 | 21 | 21 | 0 | $5.3 million |
| 2020 | 38 | 38 | 0 | $7.1 million |
| 2019 | 168 | 1 | 167 | $12.6 million |
| 2018 | 4 | 4 | 0 | $982,000 |
| 2017 | 3 | 3 | 0 | $647,000 |
| 2016 | 17 | 17 | 0 | $3.6 million |
| 2015 | 25 | 25 | 0 | $5 million |
| 2014 | 17 | 17 | 0 | $4 million |
| 2013 | 2 | 2 | 0 | $420,000 |
| 2012 | 2 | 2 | 0 | $205,000 |
| 2011 | 3 | 3 | 0 | $683,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $274,000 |
| 2008 | 2 | 2 | 0 | $398,000 |
| 2007 | 10 | 10 | 0 | $1.3 million |
| 2006 | 14 | 14 | 0 | $1.6 million |
| 2005 | 23 | 23 | 0 | $2.7 million |
| 2004 | 14 | 14 | 0 | $1.7 million |
| 2003 | 50 | 45 | 5 | $5.8 million |
| 2002 | 54 | 51 | 3 | $5.3 million |
| 2001 | 79 | 65 | 14 | $9.4 million |
| 2000 | 104 | 100 | 4 | $12.7 million |
Olmsted Falls's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Olmsted Falls ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Olmsted Falls and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Olmsted Falls | $305K | +3.1% | $1,500 | 13 | $96,837 |
| Olmsted | — | +6.1%† | $1,500 | 28 | $96,447 |
| Berea | $245K | +4.4% | $1,280 | 21 | $74,926 |
† FHFA price index change, where Zillow has no home value for the town.
3.1 years of income
The typical Olmsted Falls home costs about 3.1 years of the town's median household income, less than across Ohio (3.5 years).
How Olmsted Falls ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,500
HUD's Fair Market Rent for a two-bedroom in Olmsted Falls is $1,500 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Olmsted Falls pay a median of $1,241, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $1,090 · 4 bedrooms $2,060
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44138; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.