In Munroe Falls, a typical home is worth $250,800. Compared with all of Summit County, the typical home value is 20% higher, typical household income is 13% higher, and the share of households that own their home is 12 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $216,346 to $274,758.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Munroe Falls is in Summit County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Summit County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Akron, the typical home value is $122,000: 51% less than in Munroe Falls ($250,800).
2
The typical home in Munroe Falls is worth $250,800,20% more than in Summit County as a whole ($208,700).
3
79% of households in Munroe Falls own their home, against 68% in Summit County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Munroe Falls
What homes there are in Munroe Falls, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Munroe Falls
Summit County
Ohio
United States
Kind of home: Munroe Falls and its comparisons
Measure
Munroe Falls
Summit County
Ohio
United States
Detached house
71%
71%
69%
61%
Attached house
Unreliable estimate
6%
5%
6%
Building of 2 to 4
Unreliable estimate
7%
8%
8%
Apartments (5 or more)
Unreliable estimate
15%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Munroe Falls: 71% of homes, near the figure in Summit County (71%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Munroe Falls
Summit County
Ohio
United States
Year built: Munroe Falls and its comparisons
Measure
Munroe Falls
Summit County
Ohio
United States
Before 1960
16%
43%
38%
26%
1960–1979
43%
26%
26%
24%
1980–1999
35%
19%
20%
25%
2000–2009
Unreliable estimate
8%
10%
14%
2010 or later
Unreliable estimate
5%
7%
11%
Here half of the homes date from 1976 or later; in Summit County, from 1966 or later.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K25%
$200K–$300K37%
$300K–$500K25%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Munroe Falls and its comparisons
Measure
Munroe Falls
Under $100K
Unreliable estimate
$100K–$200K
25%
$200K–$300K
37%
$300K–$500K
25%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Munroe Falls and its comparisons
Measure
Munroe Falls
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,455 a month
Summit County: $1,470 a month
Without a mortgage
$651 a month
Summit County: $599 a month
Owners with a mortgage
59%
Summit County: 64%
Owning costs about the same in Munroe Falls as in Summit County: with a mortgage, $1,455 a month; without one, $651.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Munroe Falls+56%
Summit County+42%
Ohio+47%
United States+53%
Typical household income
Munroe FallsNo clear change
Summit County+25%
Ohio+26%
United States+29%
Change since 2015–2019: Munroe Falls and its comparisons
Measure
Munroe Falls
Summit County
Ohio
United States
Typical home value
+56%
+42%
+47%
+53%
Typical rent
No data
+25%
+28%
+33%
Typical household income
No clear change
+25%
+26%
+29%
The typical home value in Munroe Falls rose 56% since 2015–2019, more than in Summit County (42%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Munroe Falls and its comparisons
Measure
Munroe Falls
Summit County
Ohio
United States
Rental vacancy
Unreliable estimate
3.4%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.0%
1.5%
3.4%
People per household
2.37
2.29
2.37
2.53
Drive alone
72%
75%
75%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
15%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Munroe Falls look like those in Summit County: 2.37 people on average.
To get to work, 72% of workers in Munroe Falls drive alone; in Summit County, 75%.
Do the math
What would you pay each month for a home in Munroe Falls?
A typical home is tight for the typical income
We start with a typical home in Munroe Falls, worth $250,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Munroe Falls, which is $81,214 a year. For that payment to be 28% of income, a household would need to earn about $94,074 a year.
The calculator's FHA and conventional loan limits are those of all of Summit County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Munroe Falls. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,778 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,195
at 7.18% · 30 years
Loan amount
$246,257
Total interest
$354,307
Paid off in
November 2056
Includes $4,235 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,895 a month
Tight
$1,895 to $2,436 a month
Your payment · 32%
Hard
more than $2,436 a month
Compared with the typical household income in Munroe Falls ($81,214 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,668
Property tax
$311
Home insurance
$105
FHA mortgage insurance (MIP)
$111
You need at least $8,778 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,195; principal and interest $1,668.
The city and its county
Munroe Falls and Summit County
Munroe Falls is in Summit County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Munroe Falls
Map of Summit County, Ohio, with Munroe Falls marked. Around it, the neighboring counties.
Munroe Falls
Summit County
Other cities with a page
Munroe Falls's own numbers
Typical home value
$250,800
Typical yearly household income
$81,214
Households that own their home
79%
Effective property tax rate
1.49%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Summit County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,231
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Summit County.
A typical home in Munroe Falls is worth $250,800: 20% above the county and 17% above Ohio. With the typical household income in Munroe Falls ($81,214 a year), a typical home costs 3.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Munroe Falls3.1 years
Summit2.9 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Summit County
According to FHFA’s house price index, home prices in Summit County rose 87% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Summit County.
Yearly change in FHFA’s price index in Summit County, 2016 to 2025
2016: +3.0% +3.0% 2016
2017: +4.3% +4.3% 2017
2018: +5.5% +5.5% 2018
2019: +4.5% +4.5% 2019
2020: +4.3% +4.3% 2020
2021: +10.6% +10.6% 2021
2022: +13.5% +13.5% 2022
2023: +7.3% +7.3% 2023
2024: +8.1% +8.1% 2024
2025: +3.9% +3.9% 2025
Change in FHFA’s price index in Summit County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+3.9%
+4.8%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+87%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Munroe Falls next to Summit County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Munroe Falls$250,800
Summit$208,700
Ohio$214,800
United States$332,700
Typical yearly household income
Munroe Falls$81,214
Summit$71,622
Ohio$71,389
United States$80,734
See the full table
Munroe Falls next to Summit County and Ohio
Measure
Munroe Falls
Summit County
Ohio
U.S.
Typical home value
$250,800 ▲20% above the county
$208,700
$214,800
$332,700
Typical yearly household income
$81,214 ▲13% above the county
$71,622
$71,389
$80,734
Households that own their home
79% ▲12 points above the county
68%
67%
65%
Typical yearly property tax
$3,742 ▲17% above the county
$3,195
$2,822
$3,119
Effective property tax rate
1.49% ▼0.04 points below the county
1.53%
1.31%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Summit County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Munroe Falls
For a typical $250,800 home in Munroe Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Munroe Falls's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,195a month
Least cash to close
Down payment
$8,778
Cash to close
$16,302
Rate
7.18%
Mortgage insurance
FHA MIP · $111
Conventional, 5% down$2,149a month
Down payment
$12,540
Cash to close
$20,064
Rate
7.18%
Mortgage insurance
PMI · $119
Conventional, 20% down, no PMI$1,775a month
Down payment
$50,160
Cash to close
$57,684
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,007a month
Down payment
$37,620
Cash to close
$45,144
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Munroe Falls
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,195
$8,778
$246,257
7.18%
FHA MIP · $111
$16,302
580
Conventional, 5% down
$2,149
$12,540
$238,260
7.18%
PMI · $119
$20,064
620*
Conventional, 20% down, no PMI
$1,775
$50,160
$200,640
7.18%
None
$57,684
620*
ITIN, 15% down (example)
$2,007
$37,620
$213,180
8.18%
None
$45,144
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
The Census Bureau publishes no typical rent for Munroe Falls. Below are the fair market rents for Summit County.
HUD publishes a fair market rent for all of Summit County, by unit size. To pay the 2-bedroom one ($1,231 a month) without spending more than 30% of your income, you would need to earn $23.67 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 5 HUD-approved agencies with an office in Summit County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Munroe Falls or Summit County. The ones below are statewide in Ohio: they work in Munroe Falls the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
The HUD-approved agencies closest to the center of Munroe Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
AS
Asian Services in Action, Inc. (ASIA)
730 Carroll Street, Akron · 5 miles away
Also serves in Arabic, Cantonese, Mandarin Chinese, and other languages.
No legal help resource on our list is for Munroe Falls or Summit County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Munroe Falls and all of Summit County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Munroe Falls?
The typical home value in Munroe Falls is $250,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Summit County it is $208,700.
What is the FHA loan limit in Munroe Falls?
Munroe Falls uses the FHA limit for all of Summit County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Munroe Falls?
The typical homeowner in Munroe Falls pays $3,742 a year, according to the U.S. Census Bureau. That is 1.49% of the home’s value; in Summit County, the rate is 1.53%.
Where can I find free help to buy or rent in Munroe Falls?
There are 5 HUD-approved counseling agencies with an office in Summit County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
