Highland Square, Akron, OH—44313
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Square, Akron, OH
As of Oct '25, the median home price in Highland Square, Akron, OH is $251,000, with a year-over-year change of 2.1%. This indicates that home prices in Highland Square, Akron, OH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 2.1% |
| Single Family | $259,000 | 2.0% |
| Condos | $212,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $103,000 | 2.0% |
2 Bed | $179,000 | 1.7% |
3 Bed | $243,000 | 2.1% |
4 Bed | $329,000 | 2.5% |
| 5 Bed | $454,000 | 3.9% |
% of Housing Stock
Rental Trends — Highland Square, Akron, OH
As of July '25, Rentcast reports the average rent in Highland Square, Akron, OH is $1,280, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Highland Square, Akron, OH is studios: $685, 1-bedrooms: $860, 2-bedrooms: $1,200, 3-bedrooms: $1,870, 4-bedrooms: $2,600. The most common rental property sizes in Highland Square, Akron, OH are 2-bedroom and 1-bedroom, accounting for 45.0% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,280 |
| Studio Rent | $685 | $685 |
| 1 Bed Rent | $895 | $860 |
| 2 Bed Rent | $1,100 | $1,200 |
| 3 Bed Rent | $1,900 | $1,870 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Highland Square, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Square, Akron, OH is 38. This is a increase of 3.0% 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 | $275,000 | 8.0% |
Listing Count | 114 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 38 | 3.0% |
Demographics — Highland Square, Akron, OH
As of the latest ACS Survey released in 2023, Highland Square, Akron, OH has a population of 27,700, which has increased by 12.6% over the past 5 years. Highland Square, Akron, OH is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 50.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | 12.6% |
% Under 18 | 18.7% | 8.7% |
% Seniors | 19.0% | 2.2% |
% WFH | 15.5% | 307.9% |
% w/ College Degree | 50.0% | 5.3% |
As of the latest ACS Survey released in 2023, Highland Square, Akron, OH is a predominantly white area, with 66.8% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Highland Square, Akron, OH is black, making up 22.3% of the population. Foreign-born residents account for 3.4% of the population in Highland Square, Akron, OH, and this percentage has decreased by 15.0% 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 | 66.8% | -1.9% |
% Black | 22.3% | -6.3% |
% Hispanic | 2.9% | 38.1% |
% Asian | 1.5% | -16.7% |
% Foreign Born | 3.4% | -15.0% |
Mortgage and Risk — Highland Square, Akron, OH
According to HUD data as of 2023, there were 668 mortgage originations in Highland Square, Akron, OH, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Highland Square, Akron, OH. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 668 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Highland Square, Akron, OH
As of 2024, the percent of homes in Highland Square, Akron, OH under the Section 8 program is 7.7%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Highland Square, Akron, OH, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 416 |
Total Units Section 8 | 409 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $895 | $870 |
| 2 Bedroom | $20 | $1,100 | $1,120 |
| 3 Bedroom | -$520 | $1,900 | $1,380 |
| 4 Bedroom | -$1,110 | $2,600 | $1,490 |
Affordability — Highland Square, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $251,000 |
| Median Household Income | $76,400 |