Much like its surrounding areas, it's somewhat less expensive compared to the rest of the nation. Compared to the city of Cleveland however, it is substantially more expensive.
Home prices
The median home in Olmsted Falls costs $158,600. It is approximately $2,340 (1%) higher in comparison to the surrounding areas.In comparison to the entire nation it is about $58,900 (27%) lower, and in comparison to the city of Cleveland is roughly $89,000 (127%) higher.
Rents
Olmsted Falls's median monthly rent is $863. It is roughly $46 (5%) lower in comparison to its surrounding areas.It is about $199 (18%) lower compared to the rest of the country, and in comparison to the city of Cleveland is roughly $144 (20%) higher.
Nearby places
Berea
Berea is Olmsted Falls's neighbor to the east. Real estate prices there are a bit less expensive. Berea's median home price is $138,200, which is $20,400 (14%) lower than Olmsted Falls. Rent there is pretty similar. The median monthly rent in Berea is $847, which is $16 (1%) lower than Olmsted Falls.
Strongsville
Strongsville is Olmsted Falls's neighbor to the southeast. Its real estate prices are somewhat more expensive. The median home in Strongsville is valued at $206,300, which comes out to $47,700 (23%) higher than Olmsted Falls. Rents there are somewhat more expensive. Strongsville's median rent is $1,025 a month, which works out to $162 (15%) higher than Olmsted Falls.
North Olmsted
North Olmsted is roughly 3 miles north from Olmsted Falls. Its housing prices are similar. North Olmsted's median home value is $156,400, which is $2,200 (1%) lower than Olmsted Falls. Its rents are pretty similar. In North Olmsted the median monthly rent is $902, which works out to $39 (4%) higher than Olmsted Falls.
Middleburg Heights
Middleburg Heights is about 3 miles east of Olmsted Falls. The housing prices there are fairly similar. The price of the median home in Middleburg Heights is $162,000, which is $3,400 (2%) higher than Olmsted Falls. Rent there is similar. The median rent in Middleburg Heights is $908 a month, which works out to $45 (4%) higher than Olmsted Falls.
Brook Park
Brook Park is about 4 miles northeast of Olmsted Falls. The real estate prices there are substantially less expensive. The median home in Brook Park costs $118,400, which comes out to $40,200 (33%) lower than Olmsted Falls. Rents there are fairly similar. The median rent in Brook Park is $863 a month, which is very similar to Olmsted Falls.
