Real Estate Investing in Olmsted Falls, Ohio (44138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44138 (Olmsted Falls, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Olmsted Falls, OH (44138)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44138 Olmsted Falls
The 44138 ZIP in Olmsted Falls, OH is a local-operator market. Outside capital chasing a $310K entry has to pair deep knowledge with the discount.
The investment case in 44138 is substantial only for operators who understand what they are buying. A $310K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Olmsted Falls have seen price recovery that 44138 has not matched. Cuyahoga County data supports the view that the spread is structural rather than temporary.
Who lives in 44138 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 44138 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Olmsted Falls:
Property Strategy for 44138
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $186,982 | $1,500 | 5.8% | +9.7% | $93,491 |
| 3BR | $270,910 | $1,930 | 5.1% | +8.5% | $90,303 |
| 4BR | $403,244 | $2,060 | 3.7% | +8.1% | $100,811 |
| 5BR | $435,572 | — | — | +8.1% | $87,114 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44138 Compare?
| Metric | 44138 | Olmsted Falls | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $310,101 | $310,101 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $2,022 | $2,022 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44138 (Olmsted Falls, OH). Anonymous, moderated, never written by AI.
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Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $310,101 |
| Monthly Rent | $2,022 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44138
Population: 23,129
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44138
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Birch Primary School
Chestnut Elementary School
Maple Elementary School
North Olmsted Middle School
North Olmsted High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Olmsted Falls, OH?
Rent in Olmsted Falls, OH is around $2,022/mo. The resulting rent-to-value relationship with $310K pricing is reasonable for most investor models.
How strong is tenant demand in Olmsted Falls, OH?
Working renters make up the core of the Olmsted Falls, OH tenant base. The pool is reasonable for investors targeting long-term holds.
How do landlord-tenant laws work in Olmsted Falls, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Olmsted Falls generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of market is Olmsted Falls, OH for investors?
Investors tracking Olmsted Falls, OH will find a 3.0/5 rating supported by $310K median home values and $2,022/mo rents. That profile suits long-term holders targeting stable returns.
What type of investing works in Olmsted Falls, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Olmsted Falls, OH. With home values at $310K and rents near $2,022/mo, other strategies can work but produce steady rather than outsized returns.
You know 44138 now. You don’t know where it ranks.
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How 44138 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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