Ellet, Akron, OH 44304 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ellet, Akron, OH—44304

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$100,000

0.5% YoY Growth

Household Income

$35,900

85.9% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$850

3.7% YoY Growth

1-Bed Rent

$679

6.4% YoY Growth

2-Bed Rent

$850

5.3% YoY Growth

3-Bed Rent

$1,200

1.8% YoY Growth

Home Price Trends — Ellet, Akron, OH

As of May '26, the median home price in Ellet, Akron, OH is $100,000, with a year-over-year change of -0.5%. This indicates that home prices in Ellet, Akron, OH are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$100,000	-0.5%
Single Family	$99,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

23.6%

2 Bedrooms

43.2%

3 Bedrooms

10.0%

4 Bedrooms

18.2%

5+ Bedrooms

5.0%

Property Listings — Ellet, Akron, OH

As of May '26, Realtor.com reports that the median days on market for a home in Ellet, Akron, OH is 52. This is a increase of 31.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$99,000	-31.0%
Listing Count	9	-38.0%
Listings as % of Homes	0.8%	-38.0%
Days on Market	52	31.0%

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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%

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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%

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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%

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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

Ellet, Akron, OH—44304

Key Metrics at a Glance

Home Price Trends — Ellet, Akron, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellet, Akron, OH

% of Rental Stock

Property Listings — Ellet, Akron, OH

Demographics — Ellet, Akron, OH

Race and Ethnicity

Mortgage and Risk — Ellet, Akron, OH

Mortgages

Rentals and Section 8 — Ellet, Akron, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellet, Akron, OH

Home Price to Income Ratio

Ellet, Akron, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Akron, OH

Akron

Kenmore, Akron, OH

South Akron, Akron, OH

North Hill, Akron, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$100,000
Median Household Income	$35,900

Ellet, Akron, OH—44304

Key Metrics at a Glance

Home Price Trends — Ellet, Akron, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellet, Akron, OH

% of Rental Stock

Property Listings — Ellet, Akron, OH

Demographics — Ellet, Akron, OH

Race and Ethnicity

Mortgage and Risk — Ellet, Akron, OH

Mortgages

Rentals and Section 8 — Ellet, Akron, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellet, Akron, OH

Home Price to Income Ratio

Ellet, Akron, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Akron, OH

Akron

Kenmore, Akron, OH

South Akron, Akron, OH

North Hill, Akron, OH

Frequently Asked Questions

What is the average home price in Ellet, Akron, OH 44304?

How have home prices in Ellet, Akron, OH 44304 changed over the past year?

What is the home price projection for Ellet, Akron, OH 44304?

What are the demographics of Ellet, Akron, OH 44304?

How long does it take homes to sell in Ellet, Akron, OH 44304?

What is the average rent price in Ellet, Akron, OH 44304?