Real Estate Investing in Akron, Ohio (44306)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44306 (Akron, OH)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
- Elevated poverty: 25.2% poverty rate — can affect rent collection.
- Higher unemployment: 8.4% unemployment — tenant risk signal.
What’s happening in Akron, OH (44306)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44306 Akron
The 44306 ZIP clocks in at an durable value-add profile — below-median pricing at $90K, a renter base of 55%, and room for operational improvement.
ZIP 44306 favors investors with a contractor on speed dial. On balance, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $942/mo average.
In Summit County, 44306 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
The resident base in 44306 runs younger and more tenure-renter than county averages. 55% of 20,986 households lease, which is the demand source for post-rehab rent lifts.
Value-add plays pencil in 44306 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 44306
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $60,588 | $920 | 10.9% | +9.5% | $60,588 |
| 2BR | $79,588 | $1,180 | 10.7% | +11.5% | $39,794 |
| 3BR | $98,151 | $1,440 | 10.6% | +10.3% | $32,717 |
| 4BR | $101,566 | $1,560 | 11.1% | +10.1% | $25,391 |
| 5BR | $89,407 | — | — | +11.6% | $17,881 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44306 Compare?
| Metric | 44306 | Akron | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $90,154 | $79,954 | N/A | $237,530 |
| 5-Year CAGR | 6.7% | 5.8% | N/A | 7.4% |
| Avg Rent | $942 | $1,162 | N/A | - |
| Cap Rate | 8.2% | 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 44306 (Akron, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $90,154 |
| Monthly Rent | $942 |
| Price-to-Rent | 8.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.5% |
| Cap Rate | 8.2% |
| 5-Year IRR | 14.9% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 Rent Trends
| 1-Year | -17.3% ▼ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | N/A |
The estimated cap rate (8.2%) exceeds the current 30-yr mortgage rate (6.8%). 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 44306
Population: 20,986
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 44306
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Barber Community Learning Center
Garfield Community Learning Center
McEbright Community Learning Center
Ritzman Community Learning Center
Voris 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 7,748 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Akron, OH?
Akron, OH home values average about $90K. That price point suits investors targeting rentals with $942/mo in monthly income.
Does BRRRR pencil out in Akron, OH?
BRRRR viability in Akron, OH is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
What strategy should investors use in Akron, OH?
In Akron, OH the durable play is typically value-add and BRRRR deals. The combination of $90K prices and $942/mo rents suits that approach.
Can I live-in-and-rent in Akron, OH?
Akron, OH is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $90K price point reasonable to enter.
Does rental property in Akron, OH pass the 1% rule?
With $942/mo rents against $90K home prices, Akron, OH produces a 1.04% ratio. That is reasonable proximity to the 1% threshold.
You know 44306 now. You don’t know where it ranks.
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How 44306 ranks in Akron, OH
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