Real Estate Investing in Akron, Ohio (44320)
Should you buy in 44320 (Akron, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- Elevated poverty: 21.9% poverty rate — can affect rent collection.
- Lower household income: $36,472 median — tenant affordability is tighter.
What’s happening in Akron, OH (44320)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44320 Akron
The 44320 ZIP registers an sturdy value-add profile — below-median pricing at $112K, a renter base of 48%, and room for operational improvement.
The a solid fit for angle here is forced equity, not market equity. ZIP 44320 rewards investors who can execute on scope, timeline, and tenant turnover.
Across Akron, pockets like 44320 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The a solid fit for angle on demographics here is renter willingness to pay a premium for renovated product. The 48% rental share provides scale for the strategy.
Value-add plays pencil in 44320 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Akron:
Property Strategy for 44320
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,801 | $1,150 | 9.5% | +8.9% | $43,400 |
| 3BR | $106,537 | $1,400 | 9.5% | +7.5% | $35,512 |
| 4BR | $143,487 | $1,520 | 7.6% | +7.7% | $35,872 |
| 5BR | $164,155 | — | — | +8.8% | $32,831 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44320 Compare?
| Metric | 44320 | Akron | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $112,453 | $80,760 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 6.7% | N/A | 7.4% |
| Avg Rent | $1,179 | $1,124 | N/A | - |
| Cap Rate | 8.2% | 7.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44320 (Akron, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $112,453 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 8.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.6% |
| Cap Rate | 8.2% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.2%) exceeds the current 30-yr mortgage rate (6.5%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44320
Population: 18,134
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44320
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Innes Community Learning Center
Miller-South Visual Performing Arts
Rimer Community Learning Center
Sam Salem Community Learning Center
ELP Stewart
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there BRRRR deals in Akron, OH?
BRRRR works a strong in Akron, OH. With $112K ARVs and $1,179/mo rents, investors who buy right can refinance out most of their capital.
Is real estate in Akron, OH a good investment right now?
Investors tracking Akron, OH will find a 5.0/5 rating supported by $112K median home values and $1,179/mo rents. That profile suits long-term holders targeting reliable returns.
Can you find 1% rule deals in Akron, OH?
Akron, OH delivers a 1.05% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Where do rents currently stand in Akron, OH?
Rent in Akron, OH is around $1,179/mo. The resulting rent-to-value relationship with $112K pricing is reasonable for most investor models.
What are home prices like in Akron, OH?
Homes in Akron, OH typically sell near $112K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
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