Fairlawn, Akron, OH 44314 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fairlawn, Akron, OH—44314

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$104,000

0.6% YoY Growth

Household Income

$47,400

32.2% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$1,050

3.9% YoY Growth

1-Bed Rent

$750

1.2% YoY Growth

2-Bed Rent

$850

2.3% YoY Growth

3-Bed Rent

$1,200

4.4% YoY Growth

Home Price Trends — Fairlawn, Akron, OH

As of Dec '25, the median home price in Fairlawn, Akron, OH is $104,000, with a year-over-year change of 0.6%. This indicates that home prices in Fairlawn, Akron, OH are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$104,000	0.6%
Single Family	$104,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fairlawn, Akron, OH

As of July '25, Rentcast reports the average rent in Fairlawn, Akron, OH is $1,060, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Fairlawn, Akron, OH is 1-bedrooms: $728, 2-bedrooms: $896, 3-bedrooms: $1,180, 4-bedrooms: $1,300. The most common rental property sizes in Fairlawn, Akron, OH are 3-bedroom and 2-bedroom, accounting for 39.6% and 32.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,050	$1,060
Studio Rent	N/A	N/A
1 Bed Rent	$750	$728
2 Bed Rent	$850	$896
3 Bed Rent	$1,200	$1,180
4 Bed Rent	$1,250	$1,300

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% of Rental Stock

Studio

0.3%

1 Bedroom

16.5%

2 Bedrooms

32.4%

3 Bedrooms

39.6%

4 Bedrooms

8.7%

5+ Bedrooms

2.4%

Property Listings — Fairlawn, Akron, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Fairlawn, Akron, OH is 40. This is a increase of 9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$117,000	3.0%
Listing Count	93	31.0%
Listings as % of Homes	0.6%	31.0%
Days on Market	51	1.0%

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Demographics — Fairlawn, Akron, OH

As of the latest ACS Survey released in 2023, Fairlawn, Akron, OH has a population of 17,300, which has decreased by -9.5% over the past 5 years. Fairlawn, Akron, OH is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,300	-9.5%
% Under 18	21.3%	-0.5%
% Seniors	16.3%	18.1%
% WFH	9.2%	607.7%
% w/ College Degree	12.3%	39.8%

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As of the latest ACS Survey released in 2023, Fairlawn, Akron, OH is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Fairlawn, Akron, OH is black, making up 15.8% of the population. Foreign-born residents account for 2.9% of the population in Fairlawn, Akron, OH, and this percentage has increased by 26.1% 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	68.9%	-7.1%
% Black	15.8%	-16.0%
% Hispanic	2.9%	262.5%
% Asian	2.5%	92.3%
% Foreign Born	2.9%	26.1%

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Mortgage and Risk — Fairlawn, Akron, OH

According to HUD data as of 2023, there were 290 mortgage originations in Fairlawn, Akron, OH, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Fairlawn, Akron, OH. Investor activity is low, as 7.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	290
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	7.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Fairlawn, Akron, OH

As of 2024, the percent of homes in Fairlawn, Akron, OH under the Section 8 program is 12.0%. 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 Fairlawn, 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	484
Total Units Section 8	450
% Rentals under Section 8	12.0%
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$750	$800
2 Bedroom	$180	$850	$1,030
3 Bedroom	$70	$1,200	$1,270
4 Bedroom	$120	$1,250	$1,370

Fairlawn, Akron, OH—44314

Key Metrics at a Glance

Home Price Trends — Fairlawn, Akron, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairlawn, Akron, OH

% of Rental Stock

Property Listings — Fairlawn, Akron, OH

Demographics — Fairlawn, Akron, OH

Race and Ethnicity

Mortgage and Risk — Fairlawn, Akron, OH

Mortgages

Rentals and Section 8 — Fairlawn, Akron, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairlawn, Akron, OH

Home Price to Income Ratio

Fairlawn, Akron, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Goodyear Heights, Akron, OH

Firestone Park, Akron, OH

South Akron, Akron, OH

Barberton, Akron, OH

North Hill, Akron, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.9
Median Home Price	$104,000
Median Household Income	$47,400

Fairlawn, Akron, OH—44314

Key Metrics at a Glance

Home Price Trends — Fairlawn, Akron, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fairlawn, Akron, OH

% of Rental Stock

Property Listings — Fairlawn, Akron, OH

Demographics — Fairlawn, Akron, OH

Race and Ethnicity

Mortgage and Risk — Fairlawn, Akron, OH

Mortgages

Rentals and Section 8 — Fairlawn, Akron, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Fairlawn, Akron, OH

Home Price to Income Ratio

Fairlawn, Akron, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Goodyear Heights, Akron, OH

Firestone Park, Akron, OH

South Akron, Akron, OH

Barberton, Akron, OH

North Hill, Akron, OH

Frequently Asked Questions

What is the average home price in Fairlawn, Akron, OH 44314?

How have home prices in Fairlawn, Akron, OH 44314 changed over the past year?

What is the home price projection for Fairlawn, Akron, OH 44314?

What are the demographics of Fairlawn, Akron, OH 44314?

How long does it take homes to sell in Fairlawn, Akron, OH 44314?

What is the average rent price in Fairlawn, Akron, OH 44314?