Munroe Falls, Ohio Real Estate & Housing Market

Munroe Falls, OH Listings

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Munroe Falls Housing Information

Index	Munroe Falls	Ohio	National
Median home price	$160,200	$131,900	$184,700
Median rent asked	$620	$743	$949
Avg. people per household	2.4	2.4	2.6
Owner occupied households	73.3%	66.0%	63.6%
Renter occupied households	26.7%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Munroe Falls, OH. Generally, real estate in the Munroe Falls, OH area is less affordable in Ohio, as the median price of a home in Munroe Falls, OH is $160,200, which is 21% higher than the Ohio average. The median rental price in Munroe Falls, OH is $620. This is 17% lower than the average rental price in Ohio. Home owners comprise 73.3% of the population of Munroe Falls, OH, where an average of 2.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Munroe Falls, OH. Below, you can search for real estate listings in Munroe Falls, OH using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Munroe Falls Home Affordability

When searching for real estate in Munroe Falls, OH, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Munroe Falls, OH, the median house price is $160,200, while the median income for households in the area is $62,855. Therefore, the ratio of house price to income is 2.5x; this ratio is 2% lower than the average in Ohio. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Munroe Falls, OH.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Sawyerwood, OH	1,316	$62,100	66%
Akron, OH	198,508	$80,000	57%
Barberton, OH	26,266	$85,800	54%
Marlboro, OH	231	$88,800	52%
Limaville, OH	144	$90,000	51%
Munroe Falls, OH	5,055	$160,200	13%

Cities with similar population

City, State	Population	Home Price	National Avg.
Cold Spring Harbor, NY	5,055	$785,400	325%
Perry, OK	5,056	$79,200	57%
Lemmon Valley, NV	5,057	$147,700	20%
Dacula, GA	5,053	$128,200	31%
Allegan, MI	5,051	$86,900	53%
Munroe Falls, OH	5,055	$160,200	13%

Source: The Munroe Falls, OH housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).