Olmsted Falls Ohio City Guide

More than 8,900 people live in Olmsted Falls. Out of this number, 47.1% are male and 52.9% are female. An estimated 29% of the population have ages that range from 35 to 54 years, while around 21% are members of the senior group at 65 years and over. The median age is 46 years.

Many people call Olmsted Falls home as the number of residents here continues to increase at a rate of 0.26% yearly. The population has grown by 1.9% since 2010.

Olmsted Falls covers over four miles, and there are around 2,100 people per square mile in the city.

Olmsted Falls is predominantly white at 97.1% of the population. An estimated 1.2% of the population is made up of two or more ethnicities or races. African American residents, meanwhile, comprise 0.9%. Many of the residents also have racial or ethnic backgrounds that include German, Irish, Polish, English, and Italian.

English is still the most widely spoken language in the city. 0.7% of the city’s population speaks Spanish while 1.4% speak other Indo European languages.

The education level of residents in Olmsted Falls is very high compared to the national average among all cities in Ohio. An estimated 72% of adults in the city pursued tertiary education, and 26% are college graduates.

Approximately 97% of adults who are 25 years and above graduated from high school. 37% or more than 2,000 residents earned a bachelor’s degree, 10% or 645 residents hold an associate degree, and 13% or 825 have a graduate or professional degree.

Based on statistics gathered on housing costs, home values, property taxes and more factors, Olmsted Falls’ real estate market is ranked as one of the best in the state of Ohio. On a national scale, Olmsted Falls real estate and property prices come in on the average level.

From roughly 2008 to 2018, the cumulative appreciation rate comes in at 16.50%, which puts the rate in the top 50% across the United States. This number equals out to an annual average house appreciation rate of 1.54%.

Concentrating solely on Ohio trends, Olmsted Falls’ annual appreciation rate from 2017-2018 is above 70% of comparable cities and towns in the state.

At 61%, the majority of properties in Olmsted Falls are valued between $100K-$199K. 21% of properties are valued between $200K-$399K. On the other side of the spectrum, 11% of properties rank in at $50K-$99K, and 6% are less than $50K.

There are around 3,880 homes and apartments within Olmsted Falls, and the median value of a residential property is $151K.

Around 65.1% of homes are single-family type properties, and apartment complexes make up 16.5% of housing options. Smaller apartment buildings comprise 1.8% of properties, and 16.4% are condominiums.

As for age, the majority of homes in Olmsted Falls at 47.3% were built between 1970 and 1999. 23.8% of residences were built between 1940 and 1969, and an impressive 20.2% of residences were built in 2000 or later. Additionally, 8.7% of homes were constructed before or in 1939.

The majority of properties in this city are larger residences, considering that 37.4% of housing options have 3 bedrooms and 22.1% have 4 bedrooms. 28.3% of properties have 2 bedrooms, and 8.3% of residences have 1 bed.

Over 4,000 adults contribute to stimulating the economy of Olmsted Falls. The largest industries in the city include health care and social assistance, retail trade, and food services. 79.5% of employees in the city work in white-collar jobs.

Since 2019, the job market in the area has increased by 1%. Job growth in the next decade is predicted to be 23.4%.

The average yearly income of a resident in Olmsted Falls is 58% higher than the US average at $68,167. The per capita income in the area is $36,783, which is wealthy relative to other cities in the state., The median household income is $65,982, and an estimated 2.5% of the population live below the poverty line.