Housing Report for Akron

Akron had a median home value in the year 2005 of $141,100, according to the American Community Survey. This median is greater than the overall State of Ohio 2005 home median value of $129,600 and less than median home value of $167,500 across the United States during the same year.

In the State of Ohio, Akron stands 3 of the 12 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 263 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

There seems to be a fair amount of housing that is affordable in Akron, Ohio. In 2005, 41 percent of residential real estate was valued under $125,000.

In Akron, the real estate market was made up of 304,460 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding a total of 9,822 housing units since the year 2001, or 3.3 percent.

Akron has a medium percentage of homes that are high in price. For 2005, the American Community Survey accounted that 2.3 percent of the homes were valued over $500,000.



Data Source: U.S. Census Bureau