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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 $278,000, higher than the South Dakota average of $268,202.
The average cost of rent is $721/mo in Akron, primarily driven by the current value of real estate in the Akron area. In Akron, 18.08% of households rent, and 36.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Akron is $6,828 per month. Households that rent pay about 10.56% of their income on rent here. Akron’s most expensive areas are in the central 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
- Akron, IA: less expensive homes
- Chatsworth, IA: less expensive homes
- Richland, SD: less expensive homes
- Big Springs, SD: equally priced homes
- Nora, SD: equally priced homes
- Spink, SD: equally priced homes
- Alcester, SD: less expensive homes
- Hawarden, IA: less expensive homes
- Emmet, SD: equally priced homes
- Westfield, IA: equally priced homes
Cities with Similar Populations
- Chical, NM: less expensive homes
- Sil Murk, AZ: less expensive homes
- Great Pond, ME: less expensive homes
- Wintersburg, AZ: higher priced homes
- Matinicus, ME: higher priced homes
- McNary, TX: less expensive homes
- Reggio, LA: less expensive homes
- Tennille, FL: equally priced homes
- The Cedars, CA: higher priced homes
- Empire, NV: higher priced homes
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