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These days, finding an affordable place to live in the Akron area can be challenging. Home prices in Akron are now at a median cost of $106,025, lower than the Alabama average of $228,911.
The average cost of rent is $713/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 5.12% of households rent, and 76.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $4,565 per month. Households that rent pay about 15.62% of their income on rent here. Akron’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stewart, AL: equally priced homes
- Evansville, AL: less expensive homes
- Sawyerville, AL: less expensive homes
- Knoxville, AL: higher priced homes
- Ingram, AL: higher priced homes
- Eutaw, AL: equally priced homes
- Greensboro, AL: higher priced homes
- Union, AL: higher priced homes
- Hogglesville, AL: higher priced homes
- Clinton, AL: equally priced homes
Cities with Similar Populations
- Blue River, OR: higher priced homes
- Lake Church, WI: higher priced homes
- New Hope, NC: higher priced homes
- North Clymer, NY: higher priced homes
- Togiak, AK: less expensive homes
- Moody, ME: higher priced homes
- Osborn, MO: higher priced homes
- St. Lucie Village, FL: higher priced homes
- Shirland, IL: higher priced homes
- Wapocomo, WV: higher priced homes
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