Foreclosure Homes in Akron, OH 44314

Current Market Conditions in Akron, OH

The real estate market in Akron has shown resilience with steady growth in home prices, drawing interest from first-time buyers and investors alike. Historically low mortgage rates have fueled demand, although inventory remains limited in some sectors, leading to competitive bidding situations in sought-after neighborhoods.

Neighborhoods like Wallhaven and Fairlawn are seeing particularly strong market performance due to their amenities and access to schools and parks. Conversely, more affordable areas are drawing buyers looking to invest in properties that can be rehabbed and improved.

Rent Prices In Akron, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Akron, OH, is on a rollercoaster ride. The average rent price in Akron, OH, is $1,072.00. Indeed, when looking to rent in Akron, OH, you can expect to pay as little as $470.00 or as much as $2,600.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Akron, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.