South Akron, Canton, OH—44707
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Akron, Canton, OH
As of Oct '25, the median home price in South Akron, Canton, OH is $102,000, with a year-over-year change of 6.0%. This indicates that home prices in South Akron, Canton, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $102,000 | 6.0% |
| Single Family | $102,000 | 7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $83,000 | 5.1% |
3 Bed | $118,000 | 8.3% |
4 Bed | $123,000 | 8.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Akron, Canton, OH
As of July '25, Rentcast reports the average rent in South Akron, Canton, OH is $1,230, with a year-over-year rent change of -20.1%. Per bedroom, the median rent as of July '25 in South Akron, Canton, OH is 1-bedrooms: $1,190, 3-bedrooms: $1,250. The most common rental property sizes in South Akron, Canton, OH are 2-bedroom and 1-bedroom, accounting for 32.4% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,190 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,190 | $1,190 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Akron, Canton, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in South Akron, Canton, OH is 41. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 59.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 82.0% |
Listing Count | 17 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 41 | -34.0% |
Demographics — South Akron, Canton, OH
As of the latest ACS Survey released in 2023, South Akron, Canton, OH has a population of 8,850, which has remained stable by 0.5% over the past 5 years. South Akron, Canton, OH is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 7.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,850 | 0.5% |
% Under 18 | 28.3% | 3.7% |
% Seniors | 12.2% | -3.9% |
% WFH | 5.5% | 511.1% |
% w/ College Degree | 7.4% | 45.1% |
As of the latest ACS Survey released in 2023, South Akron, Canton, OH is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in South Akron, Canton, OH is black, making up 26.7% of the population. Foreign-born residents account for 0.5% of the population in South Akron, Canton, OH, and this percentage has increased by Inf% 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 | 60.5% | -3.5% |
% Black | 26.7% | -13.6% |
% Hispanic | 3.4% | 100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | ∞% |
Mortgage and Risk — South Akron, Canton, OH
According to HUD data as of 2023, there were 13 mortgage originations in South Akron, Canton, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in South Akron, Canton, OH. Investor activity is low, as 8.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 8.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — South Akron, Canton, OH
South Akron, Canton, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,097 |
Total Units Section 8 | 566 |
% Rentals under Section 8 | 31.5% |
% Occupied Section 8 | 82.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,190 | $690 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | $130 | $1,000 | $1,130 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — South Akron, Canton, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $102,000 |
| Median Household Income | $39,000 |