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Akron

Learn about the people, housing, costs and businesses in Akron

Median Home$223,914
Median Rent$1,136/month
Population699,820
Leading IndustriesTransportation · Retail3% transportation
Home Value Growth⬆⬆+17.3% over 2 years
Retirees19% of residentsnear the national average
Homeowners68% of occupied units
NotableAmenity Score69/100 · highly walkable area
Akron

Frequently Asked Questions

What are today's mortgage rates in Akron?

Mortgage rates for Akron are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Akron?

The median home value in Akron is $224k. The median monthly rent is $1,136. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Akron?

Home values in Akron have increased 17.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Akron?

Based on a typical all-in ownership cost of $1,181/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Akron is $80k/year.

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What industries drive the economy in Akron?

The largest employment sectors in Akron are public administration (25%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.