Olmsted Falls, OH Real Estate
According to census data in the year 2000 there were 3,235 housing units in Olmsted Falls.
This represents a 28.7% growth from 2,514 in 1990.
Of those housing units, 3,189 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.
Homeownership rate in Olmsted Falls is about 82.8%.
Olmsted Falls's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Olmsted Falls were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 8.50% |
| Two Bedrooms | 19.80% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 22.30% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $142,200 |
| Median Price asked for vacant units | $142,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $492 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 12% |
| Home Equity Loan | 18.80% |
| Simple Mortgage | 51.30% |
| Debt Free | 17.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.9% |
