Southwest Akron, Akron, OH—44306
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Akron, Akron, OH
As of Oct '25, the median home price in Southwest Akron, Akron, OH is $90,000, with a year-over-year change of 3.8%. This indicates that home prices in Southwest Akron, Akron, OH are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $90,000 | 3.8% |
| Single Family | $90,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $61,000 | 3.4% |
2 Bed | $80,000 | 5.3% |
3 Bed | $98,000 | 4.3% |
4 Bed | $102,000 | 6.2% |
| 5 Bed | $89,000 | 4.7% |
% of Housing Stock
Rental Trends — Southwest Akron, Akron, OH
As of July '25, Rentcast reports the average rent in Southwest Akron, Akron, OH is $1,050, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Southwest Akron, Akron, OH is studios: $750, 1-bedrooms: $726, 2-bedrooms: $936, 3-bedrooms: $1,190, 4-bedrooms: $1,300. The most common rental property sizes in Southwest Akron, Akron, OH are 2-bedroom and 3-bedroom, accounting for 41.8% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,070 | $1,050 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $735 | $726 |
| 2 Bed Rent | $900 | $936 |
| 3 Bed Rent | $1,200 | $1,190 |
| 4 Bed Rent | $1,300 | $1,300 |
% of Rental Stock
Property Listings — Southwest Akron, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Akron, Akron, OH is 37. This is a increase of 10.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $110,000 | 3.0% |
Listing Count | 87 | 2.0% |
| Listings as % of Homes | 0.5% | 2.0% |
Days on Market | 37 | 10.0% |
Demographics — Southwest Akron, Akron, OH
As of the latest ACS Survey released in 2023, Southwest Akron, Akron, OH has a population of 21,000, which has remained stable by -0.8% over the past 5 years. Southwest Akron, Akron, OH is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | -0.8% |
% Under 18 | 24.7% | -18.5% |
% Seniors | 12.1% | 18.6% |
% WFH | 6.7% | 378.6% |
% w/ College Degree | 8.9% | -15.2% |
As of the latest ACS Survey released in 2023, Southwest Akron, Akron, OH is a predominantly white area, with 48.3% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Southwest Akron, Akron, OH is black, making up 37.8% of the population. Foreign-born residents account for 3.8% of the population in Southwest Akron, Akron, OH, and this percentage has increased by 22.6% 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 | 48.3% | 0.8% |
% Black | 37.8% | -6.7% |
% Hispanic | 3.1% | 63.2% |
% Asian | 2.3% | -39.5% |
% Foreign Born | 3.8% | 22.6% |
Mortgage and Risk — Southwest Akron, Akron, OH
According to HUD data as of 2023, there were 202 mortgage originations in Southwest Akron, Akron, OH, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Akron, Akron, OH. Investor activity is low, as 8.0% 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 | 202 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Southwest Akron, Akron, OH
As of 2024, the percent of homes in Southwest Akron, Akron, OH under the Section 8 program is 30.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Southwest Akron, 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 | 1,990 |
Total Units Section 8 | 1,495 |
% Rentals under Section 8 | 30.2% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $735 | $830 |
| 2 Bedroom | $170 | $900 | $1,070 |
| 3 Bedroom | $120 | $1,200 | $1,320 |
| 4 Bedroom | $120 | $1,300 | $1,420 |
Affordability — Southwest Akron, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $90,000 |
| Median Household Income | $41,100 |