The housing market in Akron, Ohio (44320) is currently in a very favorable position. According to recent statistics, the median value of housing in Akron is $85,600, which is much lower than the US median value of $338,100. This relatively low cost of living makes Akron an attractive place to live for those looking to purchase property at a reasonable price. Furthermore, the 1-year house appreciation rate for Akron is 11.29%, higher than the US average of 8.27%. This means that those who have already purchased property in Akron have seen it appreciate over the last year and should expect even more growth in the future. With its relatively low cost of living and high appreciation rate, Akron is a great place to invest in real estate and take advantage of all it has to offer.
The median home cost in Akron (zip 44320) is $85,600. Home appreciation the last 10 years has been 81.7%. Home Appreciation in Akron (zip 44320) is up 14.6%.
Average Age of Homes
- The median age of Akron (zip 44320) real estate is 65 years old
The Rental Market in Akron (zip 44320)
- Renters make up 37.8% of the Akron (zip 44320) population
- 0.0% of houses and apartments in Akron (zip 44320), 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.