Akron, OH

About Akron

Akron offers a compelling proposition for those seeking affordability without sacrificing lifestyle. With a median home value hovering around an astonishing $99,700, and a median monthly rent of just $888, the cost of living here is significantly lower than the national average. This translates to an impressive affordability index of 135. The city has a population of 190,273, and boasts a high homeownership rate of 88%, reflecting a community invested in its residences. Akron’s quiet environment and very low climate risk further enhance its appeal as a place to settle down. From an investment perspective, Akron's real estate market presents a unique opportunity. While the median household income stands at $46,596, well below the national average, the low entry point for homeownership allows for strong potential returns as the market continues to grow. Crime rates are moderate, with violent crime at 3.6 per 1,000 residents and property crime at 21.9 per 1,000 residents, offering a reasonable level of safety for residents. Akron is ideally suited for first-time homebuyers, those seeking a lower cost of living, and investors looking for affordable real estate with growth potential. Akron's air quality is excellent, with an AQI of 43, indicating good air quality, ensuring a healthier environment for its residents. The city's noise level is classified as quiet, contributing to a peaceful atmosphere. While the walk score of 0 and bike score of 26 suggests a car-dependent lifestyle, the city's affordability and access to nearby amenities, coupled with an electricity rate of 11.8¢/kWh, make it an attractive option for those prioritizing financial ease and a relaxed pace of life.