Cost of Living,
Akron's Real Estate Market
Akron Metro Area
Profile: Mid-sized industrial city Location: Northeastern Ohio, 40 miles south of Cleveland Elevation: 1027 Time zone: Eastern Standard Time
|Nearby recreation||Cloudy, wet climate|
|Close to Cleveland||Industrial landscape|
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Akron is known as an industrial center and center of the U.S. rubber industry. The area once produced over half the tires made in the United States, in addition to manufacturing other rubber, plastic, and chemical products. Although the majority of the production has shifted south and overseas, Akron remains a corporate center for tire companies, including Goodyear, Uniroyal-Goodrich, and GenCorp. The city has a strong pro-business climate and a strategic location to many US markets, and is slowly increasing its service-economy base.
Annual local events commanding national attention are the National Soap Box Derby and the PGA golf tournaments at Firestone Country Club. For a town its size, Akron does have some arts presence. The 23,000-student University of Akron and the nearby Kent State University add some college flavor. Cost of living and housing are reasonable. Nearby Cleveland offers many amenities and services not locally present.
The rolling to hilly terrain reaches its highest elevation at 1,300 feet. Many small lakes provide water for industry and recreation, and the landscape is a mix of open terrain and wooded areas. Because of the terrain, winter temperatures and snowfall vary considerably over the area, with more snow in the north. Lake Erie, which strongly influences the weather, tempers cold air masses during the late fall and winter and contributes to formations of brief but heavy snow squalls. In between the late springs and pleasant autumns, summers are moderately warm and quite humid. Fog is common, especially in the fall. First freeze is mid-October, last is late April.
Interesting Facts about Akron, Ohio
As of 2014, Akron's population is 199,955 people. Since 2000, it has had a population growth of -8.17 percent.--------------------
The median home cost in Akron is $60,200. Home appreciation the last year has been 1.70 percent.--------------------
Compared to the rest of the country, Akron's cost of living is 20.10% Lower than the U.S. average.--------------------
Akron public schools spend $13,485 per student. The average school expenditure in the U.S. is $12,435. There are about 17.4 students per teacher in Akron.--------------------
The unemployment rate in Akron is 5.60 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Akron jobs have Increased by 2.25 percent.
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Average Commute time is 20 minutes. The National Average is 25 minutes.--------------------
Akron's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes