Real Estate Investing in Akron, Ohio (44304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44304 (Akron, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.2% of homes vacant — above national norms.
- Elevated poverty: 28.7% poverty rate — can affect rent collection.
- Lower household income: $31,311 median — tenant affordability is tighter.
What’s happening in Akron, OH (44304)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44304 Akron
ZIP 44304 in Akron, OH carries a solid set of headwinds. Home values near $97K and rents of $899/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44304 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 44304 and stronger Akron ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 3,669 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 44304 is an operator game, not a passive one. Put differently, entry prices of $97K 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 44304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $81,235 | $1,460 | 12.9% | +7.0% | $27,078 |
| 4BR | $100,376 | $1,590 | 11.4% | +4.1% | $25,094 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44304 Compare?
| Metric | 44304 | Akron | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $96,533 | $79,954 | N/A | $237,530 |
| 5-Year CAGR | 6.2% | 5.8% | N/A | 7.4% |
| Avg Rent | $899 | $1,162 | N/A | - |
| Cap Rate | 7.3% | 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 44304 (Akron, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $96,533 |
| Monthly Rent | $899 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.2% |
| Cap Rate | 7.3% |
| 5-Year IRR | 13.5% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (7.3%). 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 44304
Population: 3,669
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 44304
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
I Promise School
Miller-South Visual Performing Arts
Barber Community Learning Center
Akron STEM High School
Betty Jane 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
What monthly rent should investors expect in Akron, OH?
The typical rental in Akron, OH commands about $899/mo monthly. That rent profile consistent cash flow against the $97K purchase basis.
Is rental property easy to operate in Akron, OH?
Rental owners in Akron, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What real estate strategy is ideal for Akron, OH?
In Akron, OH the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $97K prices and $899/mo rents suits that approach.
Are there empty rentals in Akron, OH?
Occupancy in Akron, OH runs even-keeled with elevated vacancy. Well-priced units at $899/mo lease on reasonable timelines.
Is Akron, OH suited for a house hack?
The house hack math a challenging in Akron, OH. Owner-occupant buyers benefit from the $899/mo rents and $97K home values.
You know 44304 now. You don’t know where it ranks.
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How 44304 ranks in Akron, OH
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