Olmsted Falls Ohio City Guide

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Overview

ABOUT Olmsted Falls

The area of Ohio that would later be known as Olmsted Falls started out as a section of Canada, then known as New France. In 1763, the land was ceded to Great Britain. In the late 18th century, the Connecticut Land Company bought the land.

Aaron Olmsted, a prominent sea captain, bought land that would later be home to Olmsted Falls, North Olmsted, and Olmsted Township in 1806 for a sum total of $30,000. The land remained named after the original land purchaser through the years. Part of the area was paid to those who lost properties during the Revolutionary War.

Major population growth occurred after World War I, then again during the years following World War II’s conclusion, seeing as the population jumped from 374 in 1920 to 1,137 in 1950. From there, the number of residents continued to grow.

Once more than 5,000 residents lived in the area, Olmsted Falls officially became a city in 1970.

Out of around 9,000 residents, 4.7% are male, and 52.9% are female. The median resident age is 43.7 years, and the median household income comes in around $63K, an increase from 2000’s number of $57K.

Out of all Olmsted Falls residents, 93.1% are white, 2.6% are Hispanic, 1.9% are Black, 1.2% are Asian, 1.1% are biracial, and 0.13% are of other ethnicities.

At 0.8%, the unemployment rate is well under Ohio’s state average. 24% of residents hold a Bachelor’s degree or higher, and 11.3% hold a graduate or professional degree.

TOP Olmsted Falls HIGHLIGHTS

Near an International Airport
Various Dining Options
Great School District
Healthy Economy
Nice Safety Ratings
Nearby Nature Reserves
Convenient Location
Eclectic Retail Options

Climate

Weather
Weather

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Natural Disasters
Natural Disasters

Olmsted Falls is among the communities in Ohio that are most vulnerable to storm hazards.

The city experiences severe storms every year. Heavy rains and severe flooding, snow, and strong winds have caused considerable damage to properties in the area. Ice storms had also affected public utilities.

Olmsted Falls has been stepping up efforts to improve its all-hazards emergency action plans and has been working on coordinated responses to natural disasters.

Earthquake risks in the city, however, are very low with only a total of 6 earthquakes that struck the city since 1931. According to the USGS, there is only a 1.33% chance of a major earthquake within 50 kilometers of the city within the next 50 years.

Commute

Commute Time

Olmsted Falls Commute Time

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Commuter Transportation

Olmsted Falls Commuter Travel Behavior

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Commute

The mean commute time for residents is 28.2 minutes, and 87% of residents travel to work by car.

Olmsted Falls has Interstate 80 run horizontally across its southern section, which connects to Interstate 480 both to the east and west of the city, and Interstate 71 can be accessed east of town.

Cleveland, Ohio is a 30 minute commute to the northeast, and Cleveland Hopkins International Airport is roughly 13 minutes away by car.

As for green spaces, Rocky River Reservation is only 10 minutes north, and Mill Stream Run Reservation is similarly 20 minutes southeast of town.

Crime Rate

Crime rates in Olmsted Falls are among the lowest in Ohio and in all of the U.S. The city consistently ranks among the safest places to raise a family in America.

Olmsted Falls is safer than about 95% of all cities in the U.S. Overall, the crime rate in the city is about 91% below the national average.

In 2018, the area had only two violent crimes. The violent crime rate in the city is 0 per 1,000 residents.

Property crimes are also not common in the area. The property crime rate is far below the national average at only 2 per 1,000 residents.

Local Government

Olmsted Falls’ City Council is comprised of 7 elected-at-large members who serve 2 year terms. The city has a strong council, weak mayor form of government.

Members include a council president, a council president pro-tempore, council-at-large, clerk of council, and 3 ward representatives.

Olmsted Chamber of Commerce has a mission to support and lead economic development in both Olmsted Falls and Olmsted Township.

Local businesses, companies, or community groups are welcomed as members of this chamber and gain the benefits of regular networking, informational, and entertaining events.

In addition to being the city’s safety director, the mayor is Olmsted Falls’ full-time representative that presides over city council meetings. While the mayor does not have a vote in city council meetings, the office of mayor does hold veto power against council actions.

City Limits

Demographic

Olmsted Falls Population 2020

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Population Quick Stats
Total Population
8,912
Annual Growth Rate
0.26%
10 Year Growth Rate
1.8%
Female Population
4,613
Male Population
4,299
Median Age
46

Olmsted Falls Population Over Time

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Olmsted Falls Population by year

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Olmsted Falls Population by Sex

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Olmsted Falls Population by Age and Sex

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Olmsted Falls Diversity 2020

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3 Largest Ethnic Groups
White alone
97.1%
Other race/Two or more races
1.2%
Black or African American alone
0.9%
3 Most Common Languages
Speak only English
96%
Other Indo-European languages
1.4%
Spanish
0.7%

Olmsted Falls Race & Ethnic Diversity

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Olmsted Falls Ancestry (Top 10)

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Olmsted Falls Languages Spoken (Top 10)

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Olmsted Falls Foreign born population

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Education

Olmsted Falls Education 2020

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Education Quick Stats
Elementary Schools
2
Middle Schools
High Schools
1
High School Graduates
97.2%
Bachelor’s Degree Graduates
37.1%
Graduate or Professional Degree
12.8%

Olmsted Falls Educational Attainment of Adults (25 years and over)

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Olmsted Falls Level of Education

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SCHOOLS IN Olmsted Falls

Olmsted Falls City School District includes students from Olmsted Falls, Columbia Station, sections of Berea, and Olmsted Township.

In this school system, there are 5 campuses. These schools include Early Childhood Center, Falls-Lenox Primary School, Olmsted Falls Intermediate School, Olmsted Falls Middle School, and Olmsted Falls High School.

Some of the top-performing schools in this district include Olmsted Falls Intermediate School, Falls-Lenox Primary Elementary School, Olmsted Falls Middle School, and Olmsted Falls High School.

Olmsted Falls City School District has a reputation for academic excellence, qualified teachers, various clubs and activities, and a special emphasis on college prep. This district serves around 3,660 students from grades pre-kindergarten through 12th. On average, the student-teacher ratios of all campuses comes in at 19 to 1.

Parents and students agree that Olmsted Falls City School District delivers results by helping students achieve academic success to the best of their abilities.

Schools

ELEMENTARY
There are several elementary schools in Olmsted Falls, and all have relatively low student-teacher ratios. Olmsted Falls early Childhood Center educates students from pre-kindergarten through kindergarten. Falls-Lenox Primary Elementary School serves grades 1-3. Olmsted Falls Intermediate School is a top-quality campus that serves grades 4-5.
MIDDLE
With a student-teacher ratio of 18 to 1, Olmsted Falls Middle School has 885 students in grades 6-8. This campus is ranked as #15 out of all middle schools in Cuyahoga County. East of town, Berea-Midpark Middle School is a 5-8th grade campus with a student-teacher ratio of 20 to 1. This campus consists of over 1,300 students.
HIGH
Olmsted Falls High School has 1,250 students in grades 9-12. This campus has many different extracurricular clubs and activities, and the student-teacher ratio is 23:1. Berea-Midpark High School is a 9-12th grade campus that has a student-teacher ratio of 23:1. Here, teachers see to the education of over 1,600 students.
PRIVATE
St. Mary of the Falls is a private Roman Catholic school that educates 221 students from pre-kindergarten through 8th grade. This campus has a student-teacher ratio of 12 to 1. East of Olmsted Falls, the Academy of St. Bartholomew serves grades pre-kindergarten through 8th grade. This campus is a short commute away and has a student-teacher ratio of 14 to 1.

Real Estate

Olmsted Falls Housing 2020

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.

Housing Quick Stats
Home Appreciation Rate(2010-2018)
-6.6%
Median Home Value
$152,900
Median Gross Rent
$853
Home Ownership Rate
84.9%
Tenant Occupied Rate
15.1%

Olmsted Falls Home Appreciation Rates

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Olmsted Falls Home Value

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Olmsted Falls Median Home Value

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Olmsted Falls Median Gross Rent

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Olmsted Falls Home Ownership

Olmsted Falls Rent & Ownership

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Olmsted Falls Rent vs Owner Occupied by Household Type

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Olmsted Falls Household Type

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Olmsted Falls Occupied & Vacant Number of Homes and Apartments

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Olmsted Falls Real Estate Trends

Olmsted Falls Age of Homes

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Olmsted Falls Types of Homes

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Olmsted Falls Homes Size

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Olmsted Falls Property Taxes

Olmsted Falls Property Taxes Range

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Olmsted Falls Homes for Sale

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.

Homes For Sale Quick Stats
Median Home Value
$152,900

Featured homes for sale

Single-Family
Homes typically sell for around $97 per square foot. A 1 bedroom home typically is priced at $75K, and a 2 bedroom property comes in at $129K. Larger properties of 3 bedrooms can be priced around $158K, and 4 bedroom residences are valued near $264K.
Apartment
iii.With the median rent coming in at $796 per month, residents pay less than the national average. 1 bedroom apartments can range between $600-$700 per month, and larger apartments with 3 bedrooms can go for $899 to $1,250 per month.
Condominiums
iv.Condominiums in Olmsted Falls generally can be found for between $85K and $175K and vary greatly in terms of square footage and the number of beds and bathrooms. That said, the majority of condominiums are clustered near the southeast side of Olmsted Falls.
New Construction
ii.2000 marked an impressive year for new construction, seeing that 100 buildings broke ground averaging at a cost of $123K. For the next 10 years, 215 new residences were constructed. From 2011 to 2017, 69 new houses were constructed. The average cost ranged from $102K to $227K.

Economy

Olmsted Falls Economy 2020

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Economy Quick Stats
Median Household Income
$65,982
Per Capita Income
$36,783
Average Salary
$68,167
Unemployment Rate
4.3%
Overall Poverty Rate
2.5%
Wage GINI
0.3824

Income

Olmsted Falls Median Household Income

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Olmsted Falls Per Capita Income

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Olmsted Falls Income Distribution

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Olmsted Falls Income Distribution by Gender in Common Jobs

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Olmsted Falls Income Distribution by Race and Ethnicity

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Employment

Olmsted Falls Unemployment Rate

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Olmsted Falls Employment Distribution by Age

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Olmsted Falls Employment Industries

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Cost of Living

Olmsted Falls is among the most affordable cities to live in Ohio and in the U.S.

The cost of living in the city is about 10% lower than the national average, and about 5% higher than the Ohio average.

Housing prices in Olmsted Falls are about 19% lower than the national average and about 8% higher than the Ohio average.

The costs of groceries in the area are about the same as the national average and about 3% higher than the Ohio average.

One can expect to pay for transportation expenses that are 3% higher than the national average, and utility expenses that are about 6% lower than the national average.

Poverty

Olmsted Falls Poverty By Age and Gender

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Olmsted Falls Poverty By Race and Ethnicity

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Things to do

With great local cuisine, a vibrant nightlife scene, family-friendly options, and nearby attractions that make Cuyahoga County famous, Olmsted Falls is anything but boring. Residents and visitors are welcome to explore local parks like David Fortier River Park. Plus, the Olmsted Community Center hosts a variety of local events open to the public. For those looking to find their new favorite item or just windowshop, the Grand Pacific Junction Shopping District has beautiful nearby sights and a number of locally-owned businesses. Artists and creative-types are welcome to express themselves at a number of studios and browse art galleries throughout the city. Then, there are the various restaurants and late-night attractions Olmsted Falls has to offer. Olmsted Falls has a number of entertainment options fit for families, friends, and solo excursions alike. When you want to make a day special in this city, you can’t go wrong with any of these options.
Parks & Recreation
David Fortier River Park enjoys views of the Rocky River. Additionally, the Olmsted Community Center has sports fields and indoor play areas so the whole family can enjoy time out of the house. Just outside of the city’s western border, Swings-N-Things Fun Park is a nearby amusement park that includes bumper boats, paintball, mini-golf, and batting cages.
Shopping
The Grand Pacific Junction Shopping District is a local shopping mall near the Rocky River. This area has a beautiful atmosphere and great local shops that are ready to be explored, including Millstone Mercantile, Timeless Treasures, and Second Thyme Around to only name a few.
Art & Culture
JoAnn DePolo Studios and Gallery, Glass Gallery, Fawick Art Gallery, and Artist’s Colony Gift Shop are only several of the unique artistic locations around Olmsted Falls. Additionally, Cuyahoga Valley & Westshore is a historic landmark where visitors can learn about local history.
Night Life
MooseHead Hoof & Ladder is a cozy bar and favorite hangout area. Trolley House is a casual late-night attraction with classic drinks, and Fat Little Buddies has a number of bar games and beverages to enjoy. Old Wine Cellar, meanwhile, is a classy attraction and local favorite.
Restaurants
There are a number of prime restaurants with diverse menus waiting to be explored. Some of the top rated local restaurants include Le Bistro Du Beaujolais, where French food is the focus. Matteo’s Italian Restaurant is another favorite, and Falls Family Restaurant is a family-friendly eatery.
CITY NEIGHBORHOODS

Around 9,000 residents are split amongst the 6 neighborhoods of Olmsted Falls. The neighborhoods include Bakers Creek, Briar/Scott, Plum Creek, Renaissance, West Grove, and Woodgate Farms.

The most costly area of Olmsted Falls is between Stearns Road and Cook Road. This southwest corner of the city has a median real estate of $228K, which is above 82.2% of other Ohio neighborhoods.

The second most expensive neighborhood is between Fitch Road and John Road, where the median real estate price is $203K.

West view is the second most affordable area found on the southeast side of Olmsted Falls. Here, the median real estate price is $164K.

The area within Memory Lane and Lewis Road is the most affordable, with a median real estate price of $71K. This is less expensive than 84% of neighborhoods in the state, and 89.7% of neighborhoods across the nation.

LIST OF NEIGHBORHOODS IN Olmsted Falls

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