Solon Ohio City Guide

More than 23,000 people call Solon their home. The number of people who are choosing to live in the city is rising, as the population is growing at a yearly rate of 0.03%. The population density in the over 20-mile area is 1,114 people per square mile.

48.1% of the residents in the area are male and 51.9% are female. The city has a relatively young population with a median age of 44 years. Residents aged 35 to 54 years make up approximately 31% of the population, while those aged 5 to 17 years comprise 22%.

Solon is much more diverse than other cities in Cuyahoga County. 73.4% of residents are white, 12.1% are Asian, and 11.2% are African American. Important ancestries of people in Solon include Italian, German, Irish, Polish, and English.

80.8% of Solon’s residents speak only English, and 5.4% speak Chinese, including Mandarin and Cantonese. 3.6% of the city’s population speaks other Indo European languages.

Solon has a strong combination of top-ranked schools and college-educated young adults. 62% of adults who are 25 years and older hold a bachelor’s degree, 31.6% have earned graduate degrees, and 6% have associate degrees.

More than 12,000 or 81% of the adult population have sought tertiary education. 14.3% of residents finished college and 96.8% graduated from high school.

53.5% of properties were built from 1970 to 1999, and 29.2% were built between 1940 and 1969. Properties constructed in 1939 or earlier make up 3% of the market, and 14.3% of properties were built in 2000 or later.

30.5% of properties are valued between $228K-$342K. 20.5% are priced between $113K-$228K. 1.8% average from $57K-$114K, and 3.4% are under $57K. On the other side of the spectrum, 15.8% of properties are valued between $342K-$456K, 11.4% are priced $456K-$570K, and 13.4% are between $570K-$854K. From there, 3.1% of homes are valued above $854K and stretch to around 1.1 million.

From January 2008 to January 2018, Solon’s annual appreciation rate averaged at 1.16%. Solon’s appreciation rate was 2.93% from October 2018 to October 2019. This number can be annualized to an appreciation rate of around 10.38%.

Solon attracts many residents based on its ethnically-diverse population, top rated school district, stable local community, and low crime rate.

There are around 8,400 housing units in Solon. As reflected in the city’s population statistics, the most common housing option is single-family homes, seeing as this type of property makes up 86.6% of available housing.

The second most common type of residence is apartment complexes, which make up 10% of the market. Smaller apartment buildings and condominiums comprise a small fraction. Out of all housing options, 81.96% are owner-occupied, and 18.04% of properties are rented apartments or condominiums.

At 46.2%, the majority of homes have 4 bedrooms, and 29.4% have 3 bedrooms. 10.8% of homes have 2 bedrooms, and only 3.1% are 1 bedroom layouts. On the other side of the spectrum, 9.8% of properties have 5 or more bedrooms.

More than 11,000 people contribute to stimulating Solon’s economy. The majority of employees are white-collar workers at 91%. There are especially a lot of adults in Solon who work in healthcare and social assistance, education, and finance, and insurance.

Since 2019, the job market in the area has grown by 1% and in the next decade, job growth is expected to be 23.4%. The city has one of the lowest unemployment rates in Ohio at 2.3%. Nearly 5% of residents in the area live below the poverty line.

The estimated household income in the city is higher than the US average by 49% at $104,625. A working adult in the city has a yearly average income of $102,742.