East Akron, Akron, OH—44303
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Akron, Akron, OH
As of Oct '25, the median home price in East Akron, Akron, OH is $247,000, with a year-over-year change of 2.4%. This indicates that home prices in East Akron, Akron, OH are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 2.4% |
| Single Family | $255,000 | 3.2% |
| Condos | $128,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 2.6% |
3 Bed | $227,000 | 2.7% |
4 Bed | $295,000 | 4.2% |
| 5 Bed | $433,000 | 6.1% |
% of Housing Stock
Rental Trends — East Akron, Akron, OH
As of July '25, Rentcast reports the average rent in East Akron, Akron, OH is $994, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in East Akron, Akron, OH is studios: $688, 1-bedrooms: $848, 2-bedrooms: $1,100, 3-bedrooms: $1,330, 4-bedrooms: $1,400. The most common rental property sizes in East Akron, Akron, OH are 1-bedroom and 2-bedroom, accounting for 38.9% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $994 |
| Studio Rent | $625 | $688 |
| 1 Bed Rent | $825 | $848 |
| 2 Bed Rent | $950 | $1,100 |
| 3 Bed Rent | $995 | $1,330 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — East Akron, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in East Akron, Akron, OH is 58. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | -19.0% |
Listing Count | 26 | 44.0% |
| Listings as % of Homes | 0.5% | 44.0% |
Days on Market | 58 | 41.0% |
Demographics — East Akron, Akron, OH
As of the latest ACS Survey released in 2023, East Akron, Akron, OH has a population of 7,720, which has remained stable by -0.6% over the past 5 years. East Akron, Akron, OH is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,720 | -0.6% |
% Under 18 | 15.6% | 2.0% |
% Seniors | 22.3% | 6.2% |
% WFH | 15.9% | 117.8% |
% w/ College Degree | 52.8% | 5.0% |
As of the latest ACS Survey released in 2023, East Akron, Akron, OH is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in East Akron, Akron, OH is black, making up 17.6% of the population. Foreign-born residents account for 4.6% of the population in East Akron, Akron, OH, and this percentage has increased by 4.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.1% | -7.5% |
% Black | 17.6% | 49.2% |
% Hispanic | 2.1% | 31.2% |
% Asian | 2.5% | -35.9% |
% Foreign Born | 4.6% | 4.5% |
Mortgage and Risk — East Akron, Akron, OH
According to HUD data as of 2023, there were 57 mortgage originations in East Akron, Akron, OH, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in East Akron, Akron, OH. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — East Akron, Akron, OH
As of 2024, the percent of homes in East Akron, Akron, OH under the Section 8 program is 7.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in East Akron, Akron, OH, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 147 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $825 | $800 |
| 2 Bedroom | $80 | $950 | $1,030 |
| 3 Bedroom | $275 | $995 | $1,270 |
| 4 Bedroom | -$30 | $1,400 | $1,370 |
Affordability — East Akron, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $247,000 |
| Median Household Income | $72,000 |