Chagrin Falls Ohio City Guide

Nearly 4,000 people call Chagrin Falls home. The number of people living in the city continues to drop at a yearly rate of -0.58%. The population has declined by -4.8% since 2010.

Females make up 56.4% of the city’s population, while males comprise 43.6%. An estimated 23% of the population is aged 65 years and over, and 22.5% is aged 35 to 54 years.

Chagrin Falls spans over 2 miles and has around 1,888 people per square miles.

Chagrin Falls is predominantly White at 97.3%. Hispanic residents comprise 0.9%, Asian residents make up 0.8%, Biracial residents account for 0.5%, and African American residents represent 0.4%.

Important ancestries of people in Chagrin Falls include Italian, Polish, English, German, and Irish.

93% of the city’s residents speak only English, and 6.9% speak other Indo-European languages.

Chagrin Falls is among the cities in Ohio that are highly-esteemed for a strong combination of an excellent public school district and a large population of college-educated adults.

86% of adults here have sought tertiary education. 14.7% have earned a college degree, 65% hold a bachelor’s degree, 6.5% have an associate degree, and 27% have attained graduate degrees.

Of residents aged 25 and above, 90% have graduated from high school.

The median property value in Chagrin Falls, Ohio is about $430K, which indicates that the village’s real estate is among the most expensive across the nation.

15.6% of real estate is valued under $242K. Meanwhile, 24.5% of properties are valued between $242K-$364K, and 24.5% of properties are also priced between $364K-$485K. 17.4% of real estate is valued between $485K-$607K, and 12.9% of properties are priced between $607K-$910K. 5% of real estate is valued above $910K.

From November 2009 to November 2019, Chagrin Falls’ appreciation rates tracked well above national averages. In this time period, the cumulative appreciation rate was 32.68%, which breaks down into an average annual appreciation rate of 2.87%. These rates are in the top 30% across the United States.

Between November 2018 and November 2019 alone, the appreciation rates trended at 4.79%, which is above about 70% of appreciation rates across the United States.

Out of about 1,840 housing options in Chagrin Falls, 68.8% are owner-occupied residences while 31.2% are rentals. About 8.7% of properties are vacant.

As for age, 3.8% of housing options were built in 2000 or later years. 25.9% of residences were constructed between 1970-1999, and 35.8% were built from 1940-1969. The remaining 34.6% of options were built in 1939 or earlier years, which means that a substantial portion of residences are older homes.

To give an idea of size, just 11.8% of housing options have 1 bedroom, while 20.9% have 2 bedroom layouts. From there, 35.6% of residences have 3 bedrooms, and 24.8% have 4 bedrooms. 6% of housing options have 5 or more bedrooms.

67.1% of residences are detached family homes, while 21.4% are larger apartment complexes. 6.8% of housing options are smaller apartment buildings, and 4.6% of options are condominium type properties.

Of the nearly 2,000 people who comprise Chagrin Falls’ strong workforce, an estimated 95% are white-collar workers. The leading industries in the city include business and finance, scientific and technical services, and healthcare.

The city, however, is among those with high unemployment rates at 5%. The poverty rate, meanwhile, is among the lowest at 2.4%.

Since 2019, the job market in Chagrin Falls has grown by 1%. Over the next decade, job growth in the area is predicted to be 23%.

The median household income in the city is approximately 29% higher than the Us average at $75,000. The per capita income in the area is $62,468, and the average salary of a resident is $46,416 per year.