The housing market in 44311 Akron, OH is significantly more affordable than the national average. The median value of homes in the area is $56,700, which is significantly less than the US median home value of $338,100. Despite being lower priced, the appreciation rate of homes in Akron is higher than the US 1 year house appreciation rate of 8.27%, with an 11.29% increase in house values over the past year. This makes it a great place to invest in real estate and take advantage of relatively low prices and high rates of return.
The median home cost in Akron (zip 44311) is $56,700. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Akron (zip 44311) is up 14.6%.
Average Age of Homes
- The median age of Akron (zip 44311) real estate is 57 years old
The Rental Market in Akron (zip 44311)
- Renters make up 64.2% of the Akron (zip 44311) population
- 2.9% of houses and apartments in Akron (zip 44311), 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.