North Olmsted Ohio City Guide

North Olmsted is the 48th largest city in Ohio with 31,888 people living in the area. The city’s population has decreased by 2.83% since 2010 and is declining at a rate of 0.4% annually.

49% of the city’s residents are male, and 51% are female. The median age is 45 years. Nearly 24% of the total population is aged 35 to 54 years, and 20% is aged 65 years and over.

Spanning over 12 miles, North Olmsted has a population density of 2,676 people per square mile.

White residents make up approximately 92% of North Olmsted’s total population. This is followed by 2.9% of Asian residents, and 2.7% of African-American residents. An estimated 2.6% is made up of two or more ethnicities or races. Most of the residents in the city also have Italian, English, German, Polish, and Irish descent.

84.7% of North Olmsted’s residents speak only English, and 5.5% speak Arabic. 3.1% of the city’s population speaks other Indo European languages.

North Olmsted is home to seven top-ranking public elementary schools, one public middle school, and one public high school.

Approximately 61% of adults in the area have attained education beyond the high school level, with 22% earning a college degree.

92.4% of adults aged 25 and over are high school graduates. Nearly 5,000 or 30.6% of adults in the city have associate or bachelor’s degrees, while an estimated 2,324 or 10% of adults have graduate degrees.

Only an estimated 1,900 or 8% of residents aged 25 and over had not graduated from high school.

North Olmsted’s real estate annual appreciation rate is typically above 80% of other Ohio cities. North Olmsted is ranked as one of the top appreciating communities across the United States, which indicates a strong possibility that North Olmsted’s real estate market will continue to strengthen.

Between 2009-2019, the cumulative appreciation rate was 18.43%, which breaks down into an annual average appreciation rate of 1.71%. Between October 2018 and October 2019, appreciation rates per quarter were at 2.50%, which equals out to an annual appreciation rate of around 10.38%, meaning that short-term real estate investors made solid gains.

The median list price per square foot has improved from a low of $76 in March 2016 to $103 in September 2019, an all-time high. Homes typically sell in less than 2 months, and only 4.6% of homes have negative equity, which is almost half of the US average of 8.2%.

Of the 13,000 residences in North Olmsted, housing options are mostly comprised of single-family homes, seeing as 68.4% of properties are this type of residence. 23.1% of buildings are apartment complexes, 1.8% are smaller apartment buildings, and 6.6% are condominiums.

The majority of housing options at 39.7% are 3 bedroom properties. 25.2% are 2 bedroom properties, 23.2% have 4 bedrooms, and 8.1% have 1 bedroom. 72.8% of residents own their homes, whereas 27.2% prefer to rent, and 6.1% of properties are vacant.

Of owner-occupied housing options, 62% are larger than the average property size in America. Only 4% of residences were built in 2000 or later. 57% of North Olmsted housing options were built between 1940-1969, mirroring the rapid population growth during this time period. 33.9% of properties were built from 1970-1999, and 5.1% of properties are historical, being built in 1939 or earlier.

North Olmsted enjoys a relatively stable economy. The city has an unemployment rate of 4.4%, which is above the national unemployment rate of 3.7%. The job market in the area has increased by 1% since 2019. Job growth over the next ten years is predicted to reach 24.5%.

North Olmsted has a mixed workforce of both white and blue-collar jobs. Most of the residents in the city work in sales jobs, office and administrative support, and management occupations.

The median household income in North Olmsted is $63,701. This is approximately 9.5% higher than the US average of $53,482 a year.

The average income of a North Olmsted resident is $58,368 per year. This is 51% higher than the US average of $28,555 a year. The per capita income in the area is $32,129

The overall poverty rate in the city is 8.2%.