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
The prevailing climate in Olmsted Falls is continental – characterized by significant annual variations in temperature ranging from 21°F to 82°F.
The warm season in Olmsted Falls lasts for four months – from May to September – with average daily high temperatures of above 73°F. The best time for general outdoor activities in the area is from June until September – when one gets to experience pleasant temperatures and little rainfall. Residents here spend comfortable months taking long, relaxing strolls while enjoying the city’s scenic places and discovering the area’s unique stores and greenhouses.
The winters here are freezing, windy, and mostly cloudy – perfect for residents to lace up the skates and head to the city’s famous ice rink.
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.
Olmsted Falls Commute Time
Olmsted Falls Commuter Travel Behavior
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 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.
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.
Olmsted Falls Population 2020
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 Population Over Time
Olmsted Falls Population By Year
Olmsted Falls Population By Sex
Olmsted Falls Population By Age And Sex
Olmsted Falls Diversity 2020
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.
Olmsted Falls Race & Ethnic Diversity
Olmsted Falls Ancestry (Top 10)
Olmsted Falls Languages Spoken (Top 10)
Olmsted Falls Foreign Born Population
Olmsted Falls Education 2020
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.
Olmsted Falls Educational Attainment Of Adults (25 Years And Over)
Olmsted Falls Level Of Education
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.
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.
Olmsted Falls Home Appreciation Rates
Olmsted Falls Home Value
Olmsted Falls Median Home Value
Olmsted Falls Median Gross Rent
Olmsted Falls Home Ownership
Olmsted Falls Rent & Ownership
Olmsted Falls Rent Vs Owner Occupied By Household Type
Olmsted Falls Household Type
Olmsted Falls Occupied & Vacant Number Of Homes And Apartments
Olmsted Falls Real Estate Trends
Olmsted Falls Age Of Homes
Olmsted Falls Types Of Homes
Olmsted Falls Homes Size
Olmsted Falls Property Taxes
Olmsted Falls Property Taxes Range
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.
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Olmsted Falls Economy 2020
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.
Olmsted Falls Median Household Income
Olmsted Falls Per Capita Income
Olmsted Falls Income Distribution
Olmsted Falls Income Distribution By Gender In Common Jobs
Olmsted Falls Income Distribution By Race And Ethnicity
Olmsted Falls Unemployment Rate
Olmsted Falls Employment Distribution By Age
Olmsted Falls Employment Industries (Top 10)
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.
Olmsted Falls Poverty By Age And Gender
Olmsted Falls Poverty By Race And Ethnicity
Things to do
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.