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City

ZIP codes

Akron, OH · 44316

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +0.9% YoY (county); renters hold 32.5% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

231,267

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 247,924

248Kunits

Occupied231,26793.3%

Vacant16,6576.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 231,267

231Koccupied

Owner156,13767.5%

Renter75,13032.5%

Renter Share

32.5%-0.7% YoY

Total Housing Units

247,924+0.3% YoY

FY2026 Fair Market Rent

CountySummit County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$904

/month

1 BR

$985

/month

2 BR

$1,268

/month

3 BR

$1,547

/month

4 BR

$1,681

/month

FMR trends · Summit County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.0% to 537,864: residents under 18 are down 0.7% and those 65 and over are up 2.4%.

Median Age

41.42024

Population

Summit County Population

538,370+0.3% YoY

Households

Total Households

231,267+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.29-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 537,864

538Kresidents

Under 18111,29420.7%

Adults 18–64321,96359.9%

65 & Over104,60719.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

111,294-0.7% YoY

Population 65 & Over

104,607+2.4% YoY

Median Age

41.40+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.9%

Moved (within US)11.0%

Other0.1%

Veterans

6.1%-3.2% YoY

County Economy

County median household income is $72K, 12.8% of residents are below the poverty level, 14.8% work from home.

Income

Median Household Income

$72K+0.9% YoY

Per-Capita Income

$43K+0.7% YoY

Mean Household Income

$99K+0.2% YoY

Poverty

Below Poverty Level

12.8%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.5%

Public transit0.8%

Worked from home14.8%

Other9.9%

Worked From Home

14.8%+13.8% YoY

Mean Commute

23.200.0% YoY

Done with 44316? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Akron, OH · 44316

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +0.9% YoY (county); renters hold 32.5% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

231,267

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 247,924

248Kunits

Occupied231,26793.3%

Vacant16,6576.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 231,267

231Koccupied

Owner156,13767.5%

Renter75,13032.5%

Renter Share

32.5%-0.7% YoY

Total Housing Units

247,924+0.3% YoY

FY2026 Fair Market Rent

CountySummit County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$904

/month

1 BR

$985

/month

2 BR

$1,268

/month

3 BR

$1,547

/month

4 BR

$1,681

/month

FMR trends · Summit County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.0% to 537,864: residents under 18 are down 0.7% and those 65 and over are up 2.4%.

Median Age

41.42024

Population

Summit County Population

538,370+0.3% YoY

Households

Total Households

231,267+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.29-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 537,864

538Kresidents

Under 18111,29420.7%

Adults 18–64321,96359.9%

65 & Over104,60719.4%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

111,294-0.7% YoY

Population 65 & Over

104,607+2.4% YoY

Median Age

41.40+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.9%

Moved (within US)11.0%

Other0.1%

Veterans

6.1%-3.2% YoY

County Economy

County median household income is $72K, 12.8% of residents are below the poverty level, 14.8% work from home.

Income

Median Household Income

$72K+0.9% YoY

Per-Capita Income

$43K+0.7% YoY

Mean Household Income

$99K+0.2% YoY

Poverty

Below Poverty Level

12.8%+1.6% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone74.5%

Public transit0.8%

Worked from home14.8%

Other9.9%

Worked From Home

14.8%+13.8% YoY

Mean Commute

23.200.0% YoY

Done with 44316? Put it next to another market.