Real Estate Investing in Akron, Ohio (44307)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44307 (Akron, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 15.8% of homes vacant — above national norms.
- Elevated poverty: 25.5% poverty rate — can affect rent collection.
- Lower household income: $27,859 median — tenant affordability is tighter.
What’s happening in Akron, OH (44307)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44307 Akron
The 44307 ZIP records an resilient value-add profile — below-median pricing at $81K, a renter base of 67%, and room for operational improvement.
Value-add is the defining thesis in 44307. Homes trade near $81K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
In Summit County, 44307 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
The worth a close look for angle on demographics here is renter willingness to pay a premium for renovated product. The 67% rental share provides scale for the strategy.
The solid opportunity in 44307 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Akron:
Property Strategy for 44307
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $68,004 | $1,120 | 11.9% | +6.9% | $34,002 |
| 3BR | $78,992 | $1,370 | 12.5% | +7.9% | $26,331 |
| 4BR | $83,806 | $1,480 | 12.7% | +11.3% | $20,951 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44307 Compare?
| Metric | 44307 | Akron | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $81,071 | $79,954 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.8% | N/A | 7.4% |
| Avg Rent | $1,145 | $1,162 | N/A | - |
| Cap Rate | 11.0% | 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 44307 (Akron, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $81,071 |
| Monthly Rent | $1,145 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.0% |
| Cap Rate | 11.0% |
| 5-Year IRR | 16.2% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.0%) 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 44307
Population: 6,336
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 44307
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
I Promise School
Innes Community Learning Center
Buchtel Community Learning Center
Garfield Community Learning Center
McEbright 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 6,849 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Akron, OH rate as a rental market?
The 5.0/5 investability rating in Akron, OH reflects its $81K prices and $1,145/mo rents. Investors generally consider it a solid option within OH.
Does the BRRRR strategy work in Akron, OH?
Yes - BRRRR is a strong in Akron, OH. The $81K home values and $1,145/mo rents anchor the refinance math.
What approach is best for Akron, OH real estate?
Investors usually favor value-add and BRRRR deals in Akron, OH. With home values at $81K and rents near $1,145/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is Akron, OH a good market for FHA house hackers?
House hacking works an attractive in Akron, OH. Rents of $1,145/mo against $81K acquisition make the strategy solid for owner-occupants.
What is the average monthly rent in Akron, OH?
Rents in Akron, OH run near $1,145/mo. Compared with median home prices of $81K that produces solid gross yields for typical rentals.
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