Rocky River Ohio City Guide

More than 20,000 people live in Rocky River. The city’s population has grown by 0.56% since 2010 and is increasing at a rate of 0.08% annually.

46.1% of the area’s residents are male and 53.9% are female. The median age is 46 years. Nearly 24% of the population is aged 65 years and over, and 23% is aged 35 to 54 years.

Spanning over 6 miles, Rocky River has a population density of 4,203 people per square mile.

White residents make up the majority of Rocky River’s population at 94.7%. Approximately 3.1% of the residents are made up of two or more ethnicities or races, while 1.2% of the population is represented by African American residents. The other ancestries of residents in Rocky River include English, Irish, Polish, Italian, and German.

91.8% of Rocky River’s residents speak only English, and 1.7% speak Arabic. 2.7% of the city’s population speaks other Indo European languages.

Rocky River is home to two highly-rated public elementary schools, one public middle school, and one public high school.

More than 12,000 or 81% of adults in the city have gained an education beyond the high school level, with 17.4% earning a college degree.

Of the adults aged 25 and over, 97.4% are high school graduates. Nearly 5,000 or 31% of adults in Rocky River have a bachelor’s degree, more than 900 or 6.2% have an associate degree, and 4,100 or 27.5% have graduate degrees.

Only an estimated 390 or 2.5% of residents aged 25 and over had not graduated from high school.

All in all, this real estate market is a great top long term investment opportunity.

45% of real estate is valued between $200K-$399K, while 26% are valued from $100K-$199K. At 11%, The 3rd largest chunk of the market in terms of value are properties between $400-$749K, and 3% of homes over $750K. 10% of properties are valued between $50K and $99K, and 5% of homes are worth less than $50K.

54.2% of properties were constructed from 1940 to 1969, and 20.8% of properties broke ground between 1970 and 1999. 21.5% of properties were built in 1939 or before. Only 3.4% of properties were built in 2000 or later years.

From 2008 to 2018, Rocky River enjoyed high home appreciation rates. Real estate appreciated 38.39% during this time period, which breaks down into an annual home appreciation rate of 3.30%. This places the city’s real estate appreciation in the top 20% nationwide.

Rocky River is routinely rated as one of the best places to live in Ohio on the whole, and specifically the city is a top place to live when it comes to lakefront views.

Out of the total number of homes and apartments coming in just below 9,000, 71.2% of housing options are owned by the residents and 28.8% of properties are rented. Meanwhile, only 7.9% of properties are vacant.

Housing options break down into 57.3% being single-family properties and 32.6% being apartment complexes. 6.5% of housing options are condominiums, and 3.7% of residences are smaller apartment buildings.

Properties with 3 bedrooms are the most common, seeing as 31.5% of houses have this number of beds. 27.2% of options are 2 bedroom properties, and 19.7% are 4 bedroom residences. Meanwhile, 13.1% of housing options have 1 bedroom. 7.0% have 5 or more bedrooms.

Rocky River enjoys a relatively stable economy. The unemployment rate in the city is 3.3%, which is below the national unemployment rate of 3.7%. The job market in the area has grown by 1% since 2019 and the job growth over the next ten years is estimated to reach 23.4%.

The majority of employees in Rocky River are employed in white-collar jobs at 88%. Most of the residents in the city work in management jobs, business and financial occupations, and office and administrative support.

The median household income in Rocky River is $70,341. This is approximately 23.9% higher than the US average of $53,482 a year.

The average income of a Rocky River resident is $94,409 per year. This is 70% higher than the US average of $28,555 a year. The per capita income in the area is $51,300.

The overall poverty rate in the city is 4.6%.