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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 $171,865, lower than the Iowa average of $226,062.
The average cost of rent is $751/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 26.08% of households rent, and 43.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $5,436 per month. Households that rent pay about 13.82% of their income on rent here. Akron’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Akron, SD: higher priced homes
- Richland, SD: higher priced homes
- Chatsworth, IA: higher priced homes
- Westfield, IA: higher priced homes
- Ruble, IA: higher priced homes
- Big Springs, SD: higher priced homes
- Millnerville, IA: higher priced homes
- Spink, SD: higher priced homes
- Nora, SD: higher priced homes
- McNally, IA: higher priced homes
Cities with Similar Populations
- Otley, IA: higher priced homes
- Bylas, AZ: less expensive homes
- McIntyre, GA: less expensive homes
- Olla, LA: less expensive homes
- West Yellowstone, MT: higher priced homes
- Watts, OK: less expensive homes
- Warren, VT: higher priced homes
- Wakefield, MI: less expensive homes
- Hartley, IA: less expensive homes
- Tioga, TX: higher priced homes
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