Akron, OH—44308
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Akron, OH
Akron, OH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Akron, OH
As of July '25, Rentcast reports the average rent in Akron, OH is $2,030, with a year-over-year rent change of 59.8%. Per bedroom, the median rent as of July '25 in Akron, OH is 1-bedrooms: $1,740, 2-bedrooms: $2,900. The most common rental property sizes in Akron, OH are 1-bedroom and 2-bedroom, accounting for 43.6% and 42.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,240 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,240 | $1,740 |
| 2 Bed Rent | $2,900 | $2,900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Akron, OH is 151. This is a increase of 186.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $575,000 | 23.0% |
Listing Count | 3 | -63.0% |
| Listings as % of Homes | N/A | -63.0% |
Days on Market | 151 | 186.0% |
Demographics — Akron, OH
As of the latest ACS Survey released in 2023, Akron, OH has a population of 1,260, which has increased by 33.7% over the past 5 years. Akron, OH is a less popular place for families, as children make up 1.3% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,260 | 33.7% |
% Under 18 | 1.3% | -74.0% |
% Seniors | 7.7% | 5.5% |
% WFH | 9.3% | -60.9% |
% w/ College Degree | 39.6% | 135.7% |
As of the latest ACS Survey released in 2023, Akron, OH is a predominantly white area, with 52.7% of the population identifying as white. The white population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in Akron, OH is black, making up 26.6% of the population. Foreign-born residents account for 9.4% of the population in Akron, OH, and this percentage has increased by 70.9% 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 | 52.7% | -17.5% |
% Black | 26.6% | 24.9% |
% Hispanic | 3.5% | -41.7% |
% Asian | 3.6% | 125.0% |
% Foreign Born | 9.4% | 70.9% |
Mortgage and Risk — Akron, OH
According to HUD data as of 2023, there were 1 mortgage originations in Akron, OH, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Akron, OH. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Akron, OH
Akron, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 226 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,240 | $860 |
| 2 Bedroom | -$1,810 | $2,900 | $1,090 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $15,500 |