The housing market in Akron, Ohio is on the rise. The median value of a home in the city stands at $106,100, which is significantly lower than the US median value of $338,100. Furthermore, over the last year house appreciation in Akron has been 11.28%, higher than the national average of 8.27%. This indicates that demand for housing in Akron is increasing and prices are rising accordingly. With more people choosing to live and work in Akron, this trend seems likely to continue for some time.
The median home cost in Akron is $106,100. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Akron is up 14.6%.
Average Age of Homes
- The median age of Akron real estate is 64 years old
The Rental Market in Akron
- Renters make up 39.9% of the Akron population
- 1.7% of houses and apartments in Akron, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.