There are currently 83,688 real estate properties in Akron, OH, with a median automated valuation model (AVM) price of $124,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Akron, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Akron, OH, is $164,047.00, with the most expensive house in Akron, OH, topping out at $34,000,000.00 and the cheapest home in Akron, OH, clocking in at $10,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Akron, OH!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Akron, OH, is on a rollercoaster ride. The average rent price in Akron, OH, is $1,074.00. Indeed, when looking to rent in Akron, OH, you can expect to pay as little as $470.00 or as much as $2,600.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Akron, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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