Olmsted Falls Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$155,200

  • 4.7% 1-year change
  • 2.5% 1-year forecast

The median home value in Olmsted Falls is $155,200. Olmsted Falls home values have gone up 4.7% over the past year and Zillow predicts they will rise 2.5% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Olmsted Falls 4.4 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 3.3 and also greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Olmsted Falls is 5.0%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Olmsted Falls homeowners underwater on their mortgage is 14.1%, which is lower than Cleveland Metro at 19.9%.

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Relative ZHVI
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Olmsted Falls Market Overview

Data through Jul 31, 2015
  • $155,200 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $148,100 Median sale price (Jun 30, 2015)
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Olmsted Falls Market Health

Data through Jul 31, 2015
  • 5.3/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 14.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4(Jun 30, 2015) Olmsted Falls
3 Cleveland Metro
4 United States
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Nearby Cities

Name Median ZHVI
Westlake $215,300
Bay Village $193,700
Strongsville $177,000
Name Median ZHVI
North Ridgeville $143,700
Middleburg Heights $138,200
Fairview Park $130,400
Name Median ZHVI
North Olmsted $129,900
Berea $113,000
Brook Park $98,100

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $88 Median sale price / sq ft
  • No data Listings with price cut
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Olmsted Falls Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,381 Olmsted Falls
    $1,150 Cleveland Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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