Real Estate Investing in Akron, Ohio (44302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44302 (Akron, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in Akron, OH (44302)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44302 Akron
Not every below-median market is a bargain. Akron's 44302 ZIP clocks in at signals that favor experienced operators who can absorb the risk $134K pricing implies.
For an experienced owner, 44302 can be a a credible choice for hunting ground — but the discount at $134K reflects genuine risk that outside investors often underestimate.
Stepping back, 44302 offers a low basis, the region around Akron has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 44302 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 44302 is an operator game, not a passive one. Meanwhile, entry prices of $134K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Akron:
Property Strategy for 44302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $126,799 | $1,210 | 6.9% | +9.3% | $42,266 |
| 4BR | $151,336 | $1,310 | 6.2% | +9.0% | $37,834 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44302 Compare?
| Metric | 44302 | Akron | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $133,615 | $79,954 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $1,220 | $1,162 | N/A | - |
| Cap Rate | 7.1% | 7.3% | - | - |
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 44302 (Akron, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,615 |
| Monthly Rent | $1,220 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.1% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.1%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44302
Population: 5,302
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 44302
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
I Promise School
Miller-South Visual Performing Arts
Buchtel Community Learning Center
Akron STEM High School
Crouse Community Learning Center
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
How expensive is real estate in Akron, OH?
Median home price in Akron, OH is near $134K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is the tenant base reliable in Akron, OH?
Tenant demand in Akron, OH is solid. The local workforce $1,220/mo rents across most rental classes.
Are there empty rentals in Akron, OH?
Akron, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is rental property easy to operate in Akron, OH?
Landlord-friendliness in Akron, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What monthly rent should investors expect in Akron, OH?
Average rent in Akron, OH is approximately $1,220/mo per month. Against $134K home values that yields a reasonable rent-to-price ratio.
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How 44302 ranks in Akron, OH
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