There are currently 80,261 real estate properties in Akron, OH, with a median automated valuation model (AVM) price of $98,900.00. 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 $131,726.00, with the most expensive house in Akron, OH, topping out at $35,053,900.00 and the cheapest home in Akron, OH, clocking in at $11,900.00. 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 $1,073.00. 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 $990.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Akron, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Akron, OH and much more. Save thousands at closing with home foreclosure listings in Akron, OH — up to 75% off market value!
Akron is located in Summit, Ohio, with an estimated municipal population of 197,597 residents. All of the best foreclosed homes for sale in Akron are located in the following zip code areas on Foreclosure.com: 44306 44307 44304 44305 44302 44303 44301 44308 44320 44311 44310 44313 44312 44319 44314 44309 44315 44316 44317 44325 44326 44328 44334 44396 44398. The estimated population per square kilometer (.62 miles) in Akron is 1,231.
So, about how much do homes cost in Akron? The most recent median value of resident-owned homes in Akron is 81,935. An estimated 50.1 percent of households in Akron own their homes, with an average family size of 3.05. The median household income in Akron is 38,739, with11.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Akron, the median commute time of resident workers (in minutes) is 21.7. And last, but certainly not least, are you looking for homes to rent in Akron? If so, the average rent price paid by renters in Akron is 759, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Akron, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Akron is 36.9, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Akron is 33.2, with an average family size of 3.05.
The percentage of residents who report their race in Akron is as follows:
|Black / African American||30.3%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Akron? Or maybe you are searching for 55+ active adult communities in and/or near Akron?
The percentage of residents who report their age in Akron is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Akron with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Akron.
How do you know that living in -- or moving to -- Akron is right where you need to be? Perhaps you grew up in Akron or already live nearby; therefore, the decision to buy a home in Akron is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Akron for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Akron:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Akron.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Akron can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Akron, meanwhile, can field multiple offers from more qualified buyers.