Akron
Ohio · Ranked #55 of 373 metros
89Affordable
💡
Housing in Akron costs 3.08× the median income, below the national average of 4.5×. The median home price is $216K and median rent is $1,029/month. Akron ranks #55 of 373 metros for affordability.
Median Home Price
🏠$216K
Need $64K income
Median Rent
🔑$1,029
Need $41K income
Building Permits
🔨1,282
annual
Median Income
💰$70K
Pop: 754,428
Rent Burden
⚠️25.1%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Akron | National |
|---|---|---|
| Price-to-Income Ratio | 3.08x | 6.1x |
| Rent Burden | 25.1% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +64.1%Since 2000: +107.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$904/mo
1 Bedroom$985/mo
2 Bedroom$1,268/mo
3 Bedroom$1,547/mo
4 Bedroom$1,681/mo
Zillow Market Data
Home Value (ZHVI)
$229K
1yr: +3.7%5yr: +36.4%
Rent (ZORI)
$1,239/mo
1yr: +3.8%5yr: +38.8%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$222K
Active Inventory
1,066
Days on Market
40
Sold Above List
26.3%
Price Drops
23.7%