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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 $200,996, lower than the Indiana average of $232,932.
The average cost of rent is $899/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 12.67% of households rent, and 40.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $6,370 per month. Households that rent pay about 14.11% of their income on rent here. Akron’s most expensive areas are in the western 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
- Gilead, IN: higher priced homes
- Sevastopol, IN: less expensive homes
- Deedsville, IN: less expensive homes
- Silver Lake, IN: equally priced homes
- Athens, IN: equally priced homes
- Macy, IN: less expensive homes
- Burket, IN: less expensive homes
- Talma, IN: less expensive homes
- Mentone, IN: less expensive homes
- Rochester, IN: less expensive homes
Cities with Similar Populations
- Kenansville, NC: less expensive homes
- Kahuku, HI: higher priced homes
- Hickman, KY: less expensive homes
- Nauvoo, AL: less expensive homes
- Volcano, HI: higher priced homes
- Kapaau, HI: higher priced homes
- Adrian, MO: equally priced homes
- Orrtanna, PA: higher priced homes
- Lansing, NC: less expensive homes
- Jane Lew, WV: less expensive homes
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