Side-by-side comparison of Akron, OH and Cleveland, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Akron has the edge with an estimated cap rate of 5.16% compared to Cleveland's 4.57%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $145,000 in Akron vs $175,000 in Cleveland, while rents come in at $980/mo and $1,100/mo respectively.
Growth & appreciation: Cleveland is growing faster at -0.1% annually, while Akron is losing population. Cleveland leads on home value appreciation at 2% per year.
Costs & risk: Property taxes are 1.58% in Akron vs 1.63% in Cleveland. Vacancy rates of 7% and 7.2% are mixed — Akron has the tighter rental market.
Bottom line: Akron edges out Cleveland on most key metrics. With a 5.16% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Akron or Cleveland.