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% |
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% |