Ellet, Akron, OH—44304
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellet, Akron, OH
As of Oct '25, the median home price in Ellet, Akron, OH is $92,000, with a year-over-year change of -5.2%. This indicates that home prices in Ellet, Akron, OH are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $92,000 | -5.2% |
| Single Family | $91,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $81,000 | -2.4% |
4 Bed | $100,000 | -6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ellet, Akron, OH
As of July '25, Rentcast reports the average rent in Ellet, Akron, OH is $904, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Ellet, Akron, OH is 1-bedrooms: $682, 2-bedrooms: $902, 3-bedrooms: $1,120, 4-bedrooms: $1,320. The most common rental property sizes in Ellet, Akron, OH are 2-bedroom and 1-bedroom, accounting for 43.2% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $904 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $679 | $682 |
| 2 Bed Rent | $850 | $902 |
| 3 Bed Rent | $1,200 | $1,120 |
| 4 Bed Rent | $1,250 | $1,320 |
% of Rental Stock
Property Listings — Ellet, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellet, Akron, OH is 110. This is a increase of 56.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $124,000 | -5.0% |
Listing Count | 16 | 20.0% |
| Listings as % of Homes | 0.8% | 20.0% |
Days on Market | 110 | 56.0% |
Demographics — Ellet, Akron, OH
As of the latest ACS Survey released in 2023, Ellet, Akron, OH has a population of 3,670, which has decreased by -27.0% over the past 5 years. Ellet, Akron, OH is a less popular place for families, as children make up 9.9% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,670 | -27.0% |
% Under 18 | 9.9% | -25.0% |
% Seniors | 9.5% | 150.0% |
% WFH | 10.0% | 35.1% |
% w/ College Degree | 33.3% | -8.0% |
As of the latest ACS Survey released in 2023, Ellet, Akron, OH is a predominantly white area, with 55.2% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Ellet, Akron, OH is black, making up 27.2% of the population. Foreign-born residents account for 12.8% of the population in Ellet, Akron, OH, and this percentage has decreased by 13.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.2% | -0.7% |
% Black | 27.2% | 1.9% |
% Hispanic | 4.6% | -33.3% |
% Asian | 8.4% | -13.4% |
% Foreign Born | 12.8% | -13.5% |
Mortgage and Risk — Ellet, Akron, OH
According to HUD data as of 2023, there were 22 mortgage originations in Ellet, Akron, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Ellet, Akron, OH. Investor activity is high, as 18.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 18.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Ellet, Akron, OH
As of 2024, the percent of homes in Ellet, Akron, OH under the Section 8 program is 10.2%. 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. In Ellet, Akron, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $151 | $679 | $830 |
| 2 Bedroom | $210 | $850 | $1,060 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | $160 | $1,250 | $1,410 |
Affordability — Ellet, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $92,000 |
| Median Household Income | $35,900 |