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Olmsted Falls, OH Real Estate


According to census data in the year 2000 there were 3,235 housing units in Olmsted Falls. This represents a 28.7% growth from 2,514 in 1990.

Of those housing units, 3,189 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.

Homeownership rate in Olmsted Falls is about 82.8%. Olmsted Falls's vacancy rate, including seasonal lodging, is about 4.7%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Olmsted Falls were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom8.50%
Two Bedrooms19.80%
Three Bedrooms47.50%
Four Bedrooms22.30%
Five Bedrooms or more1.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1975
Median Value of occupied units$142,200
Median Price asked for vacant units$142,100

Rented Homes, Apartments and Condos

Average Household Size1.9
Median year structure was built1972
Median Monthly Rent asked for vacant units$492

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage12%
Home Equity Loan18.80%
Simple Mortgage51.30%
Debt Free17.50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs21.9%