Why Live in Munroe Falls
Munroe Falls, Ohio, a small city in Summit County with a population of about 5,000, is undergoing significant changes with new events, businesses, and downtown improvements. Locally owned restaurants such as The Spice Delight, Lemongrass Grill, and DeCheco’s Pizza are popular dining options, while nearby Stow and Cuyahoga Falls offer additional eateries like Beau’s on the River. Residents can shop at Cornerstone Market, Giant Eagle, and Dollar General, with larger retailers like Target and Walmart within a 5-mile drive. The city features two main parks: Guise Park, which includes a playground, basketball court, and tennis and pickleball courts, and Brust Park, a scenic area along the Cuyahoga River with walking trails and a pavilion. The Summit Metro Parks Bike & Hike Trail, spanning 34 miles, connects to Brust Park. Munroe Falls Metro Park, just outside city limits, offers about 6 miles of trails for hiking and cross-country skiing, as well as a lake for boating and kayaking. The Stow-Munroe Falls City School District serves the community with highly rated schools. State Route 91 and the Akron Metro bus provide easy access to surrounding areas, with downtown Akron less than 10 miles away and Western Reserve Hospital less than 5 miles away. The city hosts community events like Sparkle in the Park during the holiday season and the upcoming Summer Fest starting in July 2025. Homes in Munroe Falls range from mid-20th century to early 2000s styles, including ranch, split-level, midcentury modern, Colonial Revival, and New Traditional.
Frequently Asked Questions
What is the average home price in Munroe Falls, OH?
Homes for sale in Munroe Falls, OH have an average home price of $293,650.
How many homes have sold over the last 12 months in Munroe Falls, OH?
52 homes have sold in Munroe Falls, OH over the last 12 months.
What are the most popular zip codes in Munroe Falls, OH?
How much do you need to make to afford a house in Munroe Falls?
The median home price in Munroe Falls is $272,375. If you put a 20% down payment of $54,500 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Munroe Falls.
How are the schools in Munroe Falls, OH?
Home Trends in Munroe Falls, OH
On average, homes in Munroe Falls, OH sell after 18 days on the market compared to the national average of 50 days. The median sale price for homes in Munroe Falls, OH over the last 12 months is $268,500, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$268,500
Median Single Family Sale Price
$273,000
Median 2 Bedroom Sale Price
$220,000
Average Price Per Sq Ft
$149
Number of Homes for Sale
10
Last 12 months Home Sales
52
Median List Price
$272,375
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%