Akron, MI is known for having a relatively affordable housing market compared to the rest of the United States. The median house value in Akron is $105,700, significantly lower than the nationwide median of $338,100. Despite this difference in median values, Akron's housing market has seen more appreciation over the past year with an increase of 9.81% while the US average only saw an 8.27% increase. This shows that although Akron's housing market may be cheaper than many other places in the country, it still offers good investment potential and growth opportunities for property owners.
The median home cost in Akron is $105,700. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Akron is up 14.8%.
Average Age of Homes
- The median age of Akron real estate is 71 years old
The Rental Market in Akron
- Renters make up 21.3% of the Akron population
- 0.0% 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.