Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Akron area can be challenging. Home prices in Downtown Akron are now at a median cost of $108,382, lower than the Akron average of $230,305.
The average cost of rent is $690/mo in Downtown Akron, primarily driven by the current value of real estate in the Downtown Akron area. In Downtown Akron, 87.97% of households rent, and 54.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Akron is $1,379 per month. Households that rent pay about 49.99% of their income on rent here. Downtown Akron’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- University of Ohio Akron, Akron, OH: higher priced homes
- Summit Lake, Akron, OH: less expensive homes
- Lane-Wooster, Akron, OH: less expensive homes
- South Akron, Akron, OH: less expensive homes
- Middlebury, Akron, OH: less expensive homes
- Elizabeth Park Valley, Akron, OH: higher priced homes
- Highland Square, Akron, OH: higher priced homes
- West Akron, Akron, OH: less expensive homes
- East Akron, Akron, OH: less expensive homes
- Firestone Park, Akron, OH: less expensive homes
Neighborhoods with Similar Populations
- Doling, Springfield, MO: equally priced homes
- Caufield, Oregon City, OR: higher priced homes
- Cedar Ridge, Waco, TX: higher priced homes
- Celina Main Street Historic District, Celina, OH: higher priced homes
- College Creek, Ames, IA: higher priced homes
- College View, Starkville, MS: higher priced homes
- Medical District, Memphis, TN: higher priced homes
- Meadow Park, Rochester, MN: higher priced homes
- Craig Farms, Port Orange, FL: higher priced homes
- Creekstone, Kennewick, WA: higher priced homes
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