Investment metrics, interactive calculators, and data-driven analysis for Akron rental properties.
Pre-filled with Akron medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Akron.
Akron, OH has a population of 190,469 and has been growing at -0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $145,000 paired with median rents of $980/mo produces an estimated cap rate of 5.16%.
Property taxes at 1.58% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 7% runs above average, which increases cash flow volatility and warrants conservative underwriting.
At a price-to-income ratio of 3.6x, homes cost about 3.6 times the local median income of $39,800. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 1.9% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Akron presents moderate opportunities. Cap rates near 5.16% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.