Quick facts: North olmsted, OH

Quick Facts

105.5
Cost of Living
above US average
31,724
Population
14.94
Crime Rate per 1000
below US average
$81,768
Median Income
above US average
$289,900
Median House Price
above US average
$1800.0
Average Rent
above US average
5%
Poverty Rate
below US average
4.1%
Unemployment Rate
above 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 $81,768.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $81,768
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Income Needed to Rent

βœ“ Affordable
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($81,768) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North olmsted, OH

North Olmsted, Ohio, is a suburban city located in Cuyahoga County, just southwest of Cleveland. With a population of approximately 30,000, it's known for its family-friendly atmosphere and convenient access to the metropolitan amenities of Cleveland. The city offers a mix of residential, commercial, and recreational areas. North Olmsted is home to the Great Northern Mall, a major shopping destination featuring various retail stores, dining options, and entertainment facilities. Additionally, it boasts numerous parks, including the popular North Olmsted Community Park and the scenic Rocky River Reservation, providing residents with ample opportunities for outdoor activities. Educationally, North Olmsted is served by a strong school district, ensuring quality education for its residents. The city also features a range of housing options, from single-family homes to apartments, making it an appealing location for families and professionals alike. With its strategic location near major highways, North Olmsted offers easy access to downtown Cleveland and surrounding suburbs, making it a desirable place for commuters. Overall, North Olmsted combines suburban charm with urban convenience, making it a great place to live and work.

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