Market Snapshot
- Median listing price
- $257K
- Median rent
- $1,395/mo
- Days on market
- 238 days
- Gross rental yield
- 6.50%
- STR vs LTR
- $2,594/mo STR · $1,395/mo LTR
The median listing price in North Olmsted, OH ZIP 44070 is $257,450 as of May 2026.
The median market rent in North Olmsted, OH ZIP 44070 is $1,395/month as of May 2026.
The median days on market in North Olmsted, OH ZIP 44070 is 238 days as of May 2026. The market is currently hot.
At a median list price of $257,450 and a median rent of $1,395/month, the gross rental yield in North Olmsted, OH ZIP 44070 is 6.50% as of May 2026.
In North Olmsted, OH ZIP 44070, median Airbnb revenue is $2,594/month compared to median long-term rent of $1,395/month as of May 2026.
North Olmsted, OH 44070 Real Estate Market Report
ZIP Code: 44070
Report Date: May 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in North Olmsted, OH are averaging 6.49%, which is higher than the sub-6% rates observed earlier in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- 259,000 is the primary indicator of current market value — the median sold price shows recent transactions are sustaining elevated pricing, consistent with the marketTemperature being hot and the price year-over-year trend being up.
- Despite a slightly lower median listing price of 257,450, the close alignment between median listing price and 259,000 (median sold price) suggests limited gaps between seller expectations and actual sale outcomes; this alignment may indicate continued pricing discipline among sellers in a hot market.
- The market exhibits slower apparent sales velocity as shown by a long median days on market of 238, which may reflect longer marketing periods for certain listings even while headline pricing is rising — interpret this as pricing friction rather than outright market weakness.
- Interest-rate pressure is elevated (local 30‑year fixed averages ~6.49% per provided context) while rent is trending down with a median market rent of 1,395; this combination suggests some buyers may be sensitive to financing costs while renters experience marginally improved affordability, supporting continued demand for well-priced, move-in-ready SFR and condo listings.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/29/2026
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