Home Insurance in Munroe Falls, Ohio
Homes in Munroe Falls carry a median value of $250,800 - 20% higher than the Summit County median.
The typical home in Munroe Falls was built around 1976. About 16% of homes were built before 1960, about 26 points below Summit County's 43%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Munroe Falls, the housing stock is 78% single-family homes and 19% apartments in buildings with 5+ units.
About 59% of owner-occupied homes in Munroe Falls have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Munroe Falls has an owner-occupancy rate of 79% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
78% of homes in Munroe Falls are primarily heated with natural gas.
Summit County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Summit County had 971 active NFIP flood policies as of September 2026. See the full Summit County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $250,800 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Summit County | 971 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)