Market Overview
Home Prices in Munroe Falls, OH
The median home value in Munroe Falls, OH is $284,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Munroe Falls are priced31% below average. Munroe Falls is part of the Akron, OH metro area.
Over the past five years, Munroe Falls home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
Munroe Falls Home Price Trend
City Comparison
Munroe Falls vs. National Median
At $284,085, homes in Munroe Falls cost 31% below the national median of $410,000. This makes Munroe Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Munroe Falls?
20% Down Payment
$56,817
on $284,085
Monthly P&I
$1,482/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,882/mo
incl. taxes & insurance
Income Needed
$75,280
gross annual (30% rule)
10% Down Option
$28,409
+ PMI applies
Loan Amount (20% dn)
$227,268
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Munroe Falls, OH?
The median home value in Munroe Falls is $284,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Munroe Falls?
Over the past year, home values in Munroe Falls have increased by 3.3%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in Munroe Falls?
To comfortably afford the median home price of $284,085 with a 20% down payment ($56,817) at today's rates (6.8%), you'd need a gross annual income of approximately $75,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Munroe Falls compare to the national average home price?
The national median home value is approximately $410,000. At $284,085, homes in Munroe Falls are 31% below the national average.
What metro area is Munroe Falls part of?
Munroe Falls is part of the Akron, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.