Quick facts: Chagrin falls, OH

Quick Facts

105.3
Cost of Living
above US average
4,114
Population
10.21
Crime Rate per 1000
below US average
$99,821
Median Income
above US average
$849,153
Median House Price
above US average
$4438.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $99,821.

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Income Needed to Buy

βœ— Stretch
$266k/year
Based on $849,153 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $266k vs median $99,821
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Income Needed to Rent

⚠ Stretch
$190k/year
Based on $4438.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $190k vs median $99,821
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chagrin falls, OH

Chagrin Falls, Ohio, is a picturesque village located in Cuyahoga County, approximately 20 miles southeast of downtown Cleveland. Known for its charming small-town atmosphere, Chagrin Falls boasts a rich history, with many of its buildings dating back to the 19th century. The village features a stunning waterfall on the Chagrin River, which is the focal point of the local landscape and a popular spot for photography and relaxation. The downtown area is lined with unique shops, cafes, and restaurants, offering a variety of dining and shopping experiences. Residents and visitors can enjoy community events throughout the year, including seasonal festivals, art shows, and farmers' markets. Chagrin Falls is also home to several parks and recreational areas, making it an ideal location for outdoor enthusiasts. The village has a strong sense of community, excellent schools, and a commitment to preserving its historic character, making it a desirable place to live and visit. The surrounding natural beauty further enhances the appeal of this delightful Ohio gem.

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