Akron, IA—51001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Akron, IA
Akron, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 7.2% |
| Single Family | $219,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | 6.5% |
3 Bed | $221,000 | 6.8% |
4 Bed | $275,000 | 7.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Akron, IA
Akron, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Akron, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Akron, IA is 65. This is a decrease of -27.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 4.0% |
Listing Count | 11 | -43.0% |
| Listings as % of Homes | 0.4% | -43.0% |
Days on Market | 65 | -27.0% |
Demographics — Akron, IA
As of the latest ACS Survey released in 2023, Akron, IA has a population of 2,290, which has decreased by -1.6% over the past 5 years. Akron, IA is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,290 | -1.6% |
% Under 18 | 22.6% | -16.0% |
% Seniors | 28.8% | 39.8% |
% WFH | 7.9% | -19.4% |
% w/ College Degree | 26.0% | 20.4% |
As of the latest ACS Survey released in 2023, Akron, IA is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Akron, IA is hispanic, making up 4.7% of the population. Foreign-born residents account for 1.7% of the population in Akron, IA, and this percentage has decreased by 26.1% 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 | 91.3% | -3.4% |
% Black | 0.2% | ∞% |
% Hispanic | 4.7% | -7.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | -26.1% |
Mortgage and Risk — Akron, IA
According to HUD data as of 2023, there were 42 mortgage originations in Akron, IA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Akron, IA. Investor activity is low, as 12.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Akron, IA
Akron, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | -$430 | $1,700 | $1,270 |
Affordability — Akron, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $219,000 |
| Median Household Income | $67,600 |