Olmsted Falls, OH
Population 8,640 · Ohio
About Olmsted Falls, OH
Olmsted Falls is a small town located in Ohio with a population of 8,640 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,907 per year, which is 25% above the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Olmsted Falls features a median home value of $214,800, which is 12% below the national median of $244,900. This positions Olmsted Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $1,142, 2% below the national average of $1,163/month. Of the 3,960 total housing units, 85% are owner-occupied (3,242 units) and 15% are renter-occupied (590 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Olmsted Falls shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Olmsted Falls have an average one-way commute time of 26.1 minutes.
Education & Demographics
40.1% of Olmsted Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.6% White, 0.1% Hispanic or Latino, 1.8% Black or African American, and 0.2% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Olmsted Falls, OH
Compared to national averages, Olmsted Falls has a median household income of $93,907 (25% above the national median of $75,149). Home values average $214,800, which is 12% below the national median. Monthly rent at $1,142 is 2% below the US average of $1,163. Within Ohio, Olmsted Falls's income is 31% above the state average of $71,814, and home values are 23% above the state median of $174,449.
Why Live in Olmsted Falls, OH?
Olmsted Falls offers a strong local economy with a median household income of $93,907, well above the national average, and affordable housing with a median home value of $214,800, below the US average of $244,900, and rent that’s lower than the national average at $1,142/month. Additionally, the city features a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 40.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Olmsted Falls has a population of 8,640 with a median age of 45.5 years. Compare Olmsted Falls with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Olmsted Falls
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cheviot | 8,655 | $54,654 | $137,900 | Compare |
| Highland Heights | 8,619 | $117,820 | $342,400 | Compare |
| Bryan | 8,664 | $50,295 | $132,000 | Compare |
| Perry Heights | 8,672 | $63,288 | $152,100 | Compare |
| Shelby | 8,706 | $52,760 | $117,300 | Compare |
| Wyoming | 8,712 | $156,518 | $404,500 | Compare |
| Napoleon | 8,561 | $73,417 | $139,500 | Compare |
| Kenwood | 8,484 | $105,694 | $335,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Olmsted Falls With Other Cities
Frequently Asked Questions about Olmsted Falls
What is the population of Olmsted Falls, OH?
The population of Olmsted Falls, OH is 8,640 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Olmsted Falls?
The median household income in Olmsted Falls, OH is $93,907 per year, which is 25% above the national median of $75,149.
What is the median home value in Olmsted Falls?
The median home value in Olmsted Falls, OH is $214,800, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Olmsted Falls?
The median monthly rent in Olmsted Falls, OH is $1,142, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Olmsted Falls?
The unemployment rate in Olmsted Falls, OH is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olmsted Falls, OH a good place to live?
Olmsted Falls offers above-average incomes, affordable housing, and a strong job market. With a population of 8,640 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Olmsted Falls, OH?
40.1% of residents in Olmsted Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Olmsted Falls?
Key cost-of-living indicators for Olmsted Falls, OH: median home value is $214,800 (12% below national), median rent is $1,142/month, and median household income is $93,907. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olmsted Falls?
The poverty rate in Olmsted Falls, OH is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Olmsted Falls, OH?
Olmsted Falls's population is 3.6% White, 0.1% Hispanic or Latino, 1.8% Black or African American, 0.2% Asian, and 2.2% two or more races. 5.2% of residents are foreign-born.