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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 $230,305, lower than the Ohio average of $236,816.
The average cost of rent is $1,182/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 31.91% of households rent, and 38.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $7,015 per month. Households that rent pay about 16.86% of their income on rent here. Akron’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cuyahoga Falls, OH: less expensive homes
- Portage Lakes, OH: less expensive homes
- Tallmadge, OH: equally priced homes
- Fairlawn, OH: higher priced homes
- Copley, OH: less expensive homes
- Barberton, OH: less expensive homes
- Munroe Falls, OH: equally priced homes
- Silver Lake, OH: higher priced homes
- Lakemore, OH: less expensive homes
- Norton, OH: less expensive homes
Cities with Similar Populations
- Staten Island, NY: higher priced homes
- Chicago, IL: higher priced homes
- Brooklyn, NY: higher priced homes
- Queens, NY: higher priced homes
- Naples, FL: higher priced homes
- Los Angeles, CA: higher priced homes
- Pittsburgh, PA: equally priced homes
- Philadelphia, PA: higher priced homes
- Livermore, CA: higher priced homes
- Lexington, KY: higher priced homes
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