In Olmsted Falls, a typical home is worth $239,300 and typical rent is $1,241 a month. Compared with all of Cuyahoga County, typical household income is 50% higher, the typical home value is 22% higher, and the share of households that own their home is 24 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $227,027 to $300,284.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Olmsted Falls is in Cuyahoga 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 Cuyahoga County. See the county
What this place has that others do not, from public data, most unusual first.
1
83% of households in Olmsted Falls own their home, against 59% in Cuyahoga County.
2
The typical household income in Olmsted Falls is $96,837,50% more than in Cuyahoga County as a whole ($64,468).
3
Nearby, in Brook Park, the typical home value is $169,600: 29% less than in Olmsted Falls ($239,300).
4
The typical home in Olmsted Falls is worth $239,300,22% more than in Cuyahoga County as a whole ($195,400).
5
The typical rent in Olmsted Falls is $1,241 a month, 17% more than in Cuyahoga County as a whole ($1,060).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Olmsted Falls
What homes there are in Olmsted 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
Olmsted Falls
Cuyahoga County
Ohio
United States
Kind of home: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Cuyahoga County
Ohio
United States
Detached house
65%
59%
69%
61%
Attached house
15%
6%
5%
6%
Building of 2 to 4
Unreliable estimate
10%
8%
8%
Apartments (5 or more)
18%
24%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 65% of homes here, against 59% in Cuyahoga County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Olmsted Falls
Cuyahoga County
Ohio
United States
Year built: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Cuyahoga County
Ohio
United States
Before 1960
24%
56%
38%
26%
1960–1979
25%
25%
26%
24%
1980–1999
30%
12%
20%
25%
2000–2009
16%
4%
10%
14%
2010 or later
5%
4%
7%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K32%
$200K–$300K26%
$300K–$500K30%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Under $100K
Unreliable estimate
$100K–$200K
32%
$200K–$300K
26%
$300K–$500K
30%
$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–$1,49962%
$1,500–$1,99922%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
62%
$1,500–$1,999
22%
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,732 a month
Cuyahoga County: $1,570 a month
Without a mortgage
$804 a month
Cuyahoga County: $671 a month
Owners with a mortgage
63%
Cuyahoga County: 59%
In Olmsted Falls, 63% of owners have a mortgage, and their typical cost is $1,732 a month, against $1,570 in Cuyahoga County. Without one it drops to $804.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Olmsted Falls+51%
Cuyahoga County+47%
Ohio+47%
United States+53%
Typical rent
Olmsted Falls+44%
Cuyahoga County+31%
Ohio+28%
United States+33%
Typical household income
Olmsted Falls+39%
Cuyahoga County+28%
Ohio+26%
United States+29%
Change since 2015–2019: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Cuyahoga County
Ohio
United States
Typical home value
+51%
+47%
+47%
+53%
Typical rent
+44%
+31%
+28%
+33%
Typical household income
+39%
+28%
+26%
+29%
The typical home value in Olmsted Falls rose 51% since 2015–2019, more than in Cuyahoga County (47%).
Since 2015–2019, the typical rent in Olmsted Falls rose 44%, more than in Cuyahoga County (31%).
Here income did not keep up with housing: it rose 39%, while home values changed +51% and rent +44%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Olmsted Falls and its comparisons
Measure
Olmsted Falls
Cuyahoga County
Ohio
United States
Rental vacancy
Unreliable estimate
5.3%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.2%
1.5%
3.4%
People per household
2.22
2.20
2.37
2.53
Drive alone
79%
70%
75%
69%
Carpool
3%
7%
8%
9%
Public transit
Unreliable estimate
3%
1%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
18%
16%
13%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
A household in Olmsted Falls has 2.22 people on average, about the same as in Cuyahoga County (2.20).
In Olmsted Falls, 79% of workers drive alone to work; in Cuyahoga County, 70%.
Do the math
What would you pay each month for a home in Olmsted Falls?
A typical home is within reach of the typical income
We start with a typical home in Olmsted Falls, worth $239,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Olmsted Falls, which is $96,837 a year.
The calculator's FHA and conventional loan limits are those of all of Cuyahoga 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 Olmsted 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 $8,376 (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
$2,226
at 7.18% · 30 years
Loan amount
$234,965
Total interest
$338,060
Paid off in
November 2056
Includes $4,041 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,260 a month
Your payment · 28%
Tight
$2,260 to $2,905 a month
Hard
more than $2,905 a month
Compared with the typical household income in Olmsted Falls ($96,837 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,592
Property tax
$429
Home insurance
$100
FHA mortgage insurance (MIP)
$106
You need at least $8,376 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 $2,226; principal and interest $1,592.
The city and its county
Olmsted Falls and Cuyahoga County
Olmsted Falls is in Cuyahoga 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).
Map of Cuyahoga County, Ohio, with Olmsted Falls marked. Around it, the neighboring counties.
Cuyahoga County
Olmsted Falls's own numbers
Typical home value
$239,300
Typical monthly rent
$1,241
Typical yearly household income
$96,837
Households that own their home
83%
Effective property tax rate
2.15%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cuyahoga County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,274
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
0.2%
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 Cuyahoga County.
A typical home in Olmsted Falls is worth $239,300: 22% above the county and 11% above Ohio. With the typical household income in Olmsted Falls ($96,837 a year), a typical home costs 2.5 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.
Olmsted Falls2.5 years
Cuyahoga3.0 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cuyahoga County
According to FHFA’s house price index, home prices in Cuyahoga County rose 93% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cuyahoga County.
Yearly change in FHFA’s price index in Cuyahoga County, 2016 to 2025
2016: +3.7% +3.7% 2016
2017: +4.9% +4.9% 2017
2018: +5.9% +5.9% 2018
2019: +4.5% +4.5% 2019
2020: +4.7% +4.7% 2020
2021: +11.6% +11.6% 2021
2022: +13.0% +13.0% 2022
2023: +8.3% +8.3% 2023
2024: +6.3% +6.3% 2024
2025: +5.7% +5.7% 2025
Change in FHFA’s price index in Cuyahoga County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.7%
+4.8%
+2.9%
5 years (2020–2025)
+54%
+53%
+47%
10 years (2015–2025)
+93%
+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
Olmsted Falls next to Cuyahoga 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
Olmsted Falls$239,300
Cuyahoga$195,400
Ohio$214,800
United States$332,700
Typical monthly rent
Olmsted Falls$1,241
Cuyahoga$1,060
Ohio$1,034
United States$1,413
Typical yearly household income
Olmsted Falls$96,837
Cuyahoga$64,468
Ohio$71,389
United States$80,734
See the full table
Olmsted Falls next to Cuyahoga County and Ohio
Measure
Olmsted Falls
Cuyahoga County
Ohio
U.S.
Typical home value
$239,300 ▲22% above the county
$195,400
$214,800
$332,700
Typical monthly rent
$1,241 ▲17% above the county
$1,060
$1,034
$1,413
Typical yearly household income
$96,837 ▲50% above the county
$64,468
$71,389
$80,734
Households that own their home
83% ▲24 points above the county
59%
67%
65%
Typical yearly property tax
$5,154 ▲32% above the county
$3,910
$2,822
$3,119
Effective property tax rate
2.15% ▲0.15 points above the county
2%
1.31%
0.94%
Renters with high rent for their income
48%
48%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cuyahoga 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 Olmsted Falls
For a typical $239,300 home in Olmsted Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Olmsted Falls's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,226a month
Least cash to close
Down payment
$8,376
Cash to close
$15,555
Rate
7.18%
Mortgage insurance
FHA MIP · $106
Conventional, 5% down$2,182a month
Down payment
$11,965
Cash to close
$19,144
Rate
7.18%
Mortgage insurance
PMI · $114
Conventional, 20% down, no PMI$1,825a month
Down payment
$47,860
Cash to close
$55,039
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,047a month
Down payment
$35,895
Cash to close
$43,074
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Olmsted Falls
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,226
$8,376
$234,966
7.18%
FHA MIP · $106
$15,555
580
Conventional, 5% down
$2,182
$11,965
$227,335
7.18%
PMI · $114
$19,144
620*
Conventional, 20% down, no PMI
$1,825
$47,860
$191,440
7.18%
None
$55,039
620*
ITIN, 15% down (example)
$2,047
$35,895
$203,405
8.18%
None
$43,074
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.
Typical rent in Olmsted Falls is $1,241 a month: 17% above the county. In Olmsted Falls, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cuyahoga County, by unit size. To pay the 2-bedroom one ($1,274 a month) without spending more than 30% of your income, you would need to earn $24.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cuyahoga County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$924
$17.77
$36,960
1 bedroom
$1,050
$20.19
$42,000
2 bedrooms
$1,274
$24.50
$50,960
3 bedrooms
$1,628
$31.31
$65,120
4 bedrooms
$1,756
$33.77
$70,240
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Olmsted Falls
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Olmsted Falls is in ZIP code 44138.
For 2 bedrooms it is $1,490: $216 more than the fair market rent for Cuyahoga County ($1,274).
Fair market rent by ZIP code and size in Olmsted Falls, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
44138
$1,080
$1,230
$1,490
$1,900
$2,050
ZIP code2 bd3 bd
44138 $1,490$1,900
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Olmsted Falls when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 12 HUD-approved agencies with an office in Cuyahoga County; 5 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Olmsted Falls or Cuyahoga County. The ones below are statewide in Ohio: they work in Olmsted 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 Olmsted Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Olmsted Falls or Cuyahoga 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 Olmsted Falls and all of Cuyahoga 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 Olmsted Falls?
The typical home value in Olmsted Falls is $239,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cuyahoga County it is $195,400.
How much does it cost to rent in Olmsted Falls?
Typical rent in Olmsted Falls is $1,241 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cuyahoga County is $1,274.
What is the FHA loan limit in Olmsted Falls?
Olmsted Falls uses the FHA limit for all of Cuyahoga 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 Olmsted Falls?
The typical homeowner in Olmsted Falls pays $5,154 a year, according to the U.S. Census Bureau. That is 2.15% of the home’s value; in Cuyahoga County, the rate is 2%.
Where can I find free help to buy or rent in Olmsted Falls?
There are 12 HUD-approved counseling agencies with an office in Cuyahoga County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
