South Akron, Akron, OH—44311
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Akron, Akron, OH
As of Oct '25, the median home price in South Akron, Akron, OH is $73,000, with a year-over-year change of -9.9%. This indicates that home prices in South Akron, 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 | $73,000 | -9.9% |
| Single Family | $73,000 | -9.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | -11.6% |
3 Bed | $69,000 | -12.7% |
4 Bed | $88,000 | -7.4% |
| 5 Bed | $104,000 | -10.3% |
% of Housing Stock
Rental Trends — South Akron, Akron, OH
As of July '25, Rentcast reports the average rent in South Akron, Akron, OH is $996, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in South Akron, Akron, OH is 1-bedrooms: $807, 2-bedrooms: $970, 3-bedrooms: $1,090, 4-bedrooms: $1,190. The most common rental property sizes in South Akron, Akron, OH are 3-bedroom and 1-bedroom, accounting for 28.5% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $996 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $807 |
| 2 Bed Rent | $915 | $970 |
| 3 Bed Rent | $1,100 | $1,090 |
| 4 Bed Rent | $1,250 | $1,190 |
% of Rental Stock
Property Listings — South Akron, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in South Akron, Akron, OH is 55. This is a increase of 55.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $99,500 | 9.0% |
Listing Count | 22 | -15.0% |
| Listings as % of Homes | 0.9% | -15.0% |
Days on Market | 55 | 55.0% |
Demographics — South Akron, Akron, OH
As of the latest ACS Survey released in 2023, South Akron, Akron, OH has a population of 7,580, which has decreased by -10.3% over the past 5 years. South Akron, Akron, OH is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 9.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,580 | -10.3% |
% Under 18 | 22.1% | 21.4% |
% Seniors | 7.6% | 8.6% |
% WFH | 11.8% | 293.3% |
% w/ College Degree | 9.6% | 29.7% |
As of the latest ACS Survey released in 2023, South Akron, Akron, OH is a predominantly white area, with 52.6% of the population identifying as white. The white population has grown by 17.7% in the last 5 years. The second most common race or ethnicity in South Akron, Akron, OH is black, making up 35.6% of the population. Foreign-born residents account for 3.4% of the population in South Akron, Akron, OH, and this percentage has decreased by 57.5% 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 | 52.6% | 17.7% |
% Black | 35.6% | -15.8% |
% Hispanic | 4.3% | 65.4% |
% Asian | 3.3% | -52.9% |
% Foreign Born | 3.4% | -57.5% |
Mortgage and Risk — South Akron, Akron, OH
According to HUD data as of 2023, there were 33 mortgage originations in South Akron, Akron, OH, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in South Akron, Akron, OH. Investor activity is high, as 33.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 33 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 33.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — South Akron, Akron, OH
As of 2024, the percent of homes in South Akron, Akron, OH under the Section 8 program is 31.7%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in South Akron, Akron, OH, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 819 |
Total Units Section 8 | 752 |
% Rentals under Section 8 | 31.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $750 | $740 |
| 2 Bedroom | $25 | $915 | $940 |
| 3 Bedroom | $80 | $1,100 | $1,180 |
| 4 Bedroom | $10 | $1,250 | $1,260 |
Affordability — South Akron, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $73,000 |
| Median Household Income | $23,900 |