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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 $258,231, lower than the New York average of $610,895.
The average cost of rent is $830/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 20.97% of households rent, and 53.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $6,822 per month. Households that rent pay about 12.17% of their income on rent here. Akron’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Newstead, NY: less expensive homes
- Pembroke, NY: less expensive homes
- Indian Falls, NY: less expensive homes
- Crittenden, NY: less expensive homes
- Wolcottsville, NY: equally priced homes
- Basom, NY: less expensive homes
- Clarence, NY: higher priced homes
- Wende, NY: higher priced homes
- Clarence Center, NY: higher priced homes
- Corfu, NY: less expensive homes
Cities with Similar Populations
- Ligonier, IN: less expensive homes
- Harold, FL: higher priced homes
- Seven Points, TX: less expensive homes
- Sitka, AK: higher priced homes
- Smithville, NJ: equally priced homes
- Brigantine, NJ: higher priced homes
- Southampton, NY: higher priced homes
- St. Helena Island, SC: higher priced homes
- St. Pete Beach, FL: higher priced homes
- Fort Irwin, CA: higher priced homes
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