Fairlawn, Akron, OH—44314
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairlawn, Akron, OH
As of Oct '25, the median home price in Fairlawn, Akron, OH is $103,000, with a year-over-year change of 0.3%. This indicates that home prices in Fairlawn, Akron, OH are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $103,000 | 0.3% |
| Single Family | $103,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $87,000 | -1.1% |
3 Bed | $112,000 | 1.8% |
4 Bed | $121,000 | 2.5% |
| 5 Bed | $111,000 | -2.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Fairlawn, Akron, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairlawn, Akron, OH is 42. This is a increase of 6.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $120,000 | -3.0% |
Listing Count | 101 | 33.0% |
| Listings as % of Homes | 0.6% | 33.0% |
Days on Market | 42 | 6.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Fairlawn, Akron, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $103,000 |
| Median Household Income | $47,400 |