Akron, OH Housing Market
AI-powered market intelligence for the Akron, OH metro area.
PropertyIQ Scores
Akron, OH Market Analysis
Market Overview
Akron’s housing market earns a PropertyIQ Score of 82 out of 100, a strong reading. The score is driven by healthy annual home value momentum of 8.16% over 12 months, a median days on market of 36 days, and a 19.7% share of listings with a price cut. The median home value of $242,459 sits slightly below the state average of $248,803, while the rent index of $1,327 is notably above the state benchmark of $988. Median household income of $71,312 also exceeds the state average of $69,680, which supports local affordability.
Despite those positives, the market shows cooling signals. The 3-month home value momentum was -0.08%, and the year-over-year home value change was just $-3, indicating flat short-term price movement. Unemployment at 4.1% is higher than the state average of 3.4%, and population growth data is not available in the dataset. Overall, Akron is best described as a moderate-to-strong market with solid fundamentals but slowing recent momentum.
Key Trends
One trend is decelerating price growth. The 12-month home value momentum of 8.16% reflects past appreciation, but the 3-month momentum of -0.08% and the year-over-year change of $-3 point to a flattening or slight pullback in the most recent period.
A second trend is balanced market speed. Median days on market is 36 days, meaning homes sell relatively quickly. However, 19.7% of listings have a price cut, suggesting that buyers still have room to negotiate on overpriced listings.
A third trend is the rental market’s strength. The rent index of $1,327 is significantly higher than the state average of $988, even though local home values are slightly below the state average. This may push renters toward buying and may attract investors.
A fourth trend is affordability and inventory. Median household income of $71,312 is above the state average, while median home value of $242,459 is below the state average. With 1,203 homes for sale, inventory is measurable, although no state inventory benchmark is provided.
Who Is This Market For
First-time buyers may find Akron relatively accessible because the median home value of $242,459 is below the state average and median household income is above the state average. The high rent index of $1,327 compared with the state’s $988 could make ownership more appealing than renting for those who can handle upfront costs.
Investors may be drawn to the rent index and the 12-month home value momentum of 8.16%. Even with a 3-month momentum of -0.08% and a 19.7% price-cut share, the above-state-average rent index suggests income potential. The 36-day median days on market also indicates enough demand to lease or resell without long holds.
Move-up buyers face a mixed picture. The year-over-year home value change of $-3 and slightly negative 3-month momentum mean rapid equity growth is not evident. Still, the PropertyIQ Score of 82 and 12-month momentum of 8.16% indicate longer-term value gains. Sellers should account for the 19.7% share of price cuts and 1,203 homes for sale.
Outlook
Akron’s outlook is stable with mild caution. The 12-month home value momentum of 8.16% shows longer-term gains, but the 3-month momentum of -0.08% and year-over-year change of $-3 suggest recent price movement has stalled. With 36 days on market and 19.7% of listings seeing price cuts, sellers should expect balanced conditions rather than intense bidding. The rent index of $1,327 remains a positive signal compared with the state average of $988, and median household income above the state average supports demand. However, unemployment at 4.1% versus the state’s 3.4% could limit buying power. With 1,203 homes for sale, the numbers support a market likely to remain stable rather than sharply rise or fall.
AI-generated analysis based on current market data. Last updated September 26, 2026.
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Akron, OH market data
Akron, OH Housing Market Overview
Akron, OH's median home value is $242K, up 8.2% over the past year. Homes here sell in a median 36 days. Its PropertyIQ Score of 82 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Akron, OH metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Akron, OH's PropertyIQ Score of 82 ranks among the Midwest's stronger demand signals.
Ohio's housing market offers some of the Midwest's strongest value propositions, with affordable entry points and diversifying economies. Columbus leads state growth while Cleveland and Cincinnati undergo downtown revitalization.
Each month, PropertyIQ updates its score for Akron, OH using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been positive, with home values up 8.2% over the past year.
Use PropertyIQ's interactive analytics to compare Akron, OH against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
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ZIP codes in the Akron, OH metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Akron, OH a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Akron, OH currently scores 82, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $242K, up 8.2% over the past year. So whether Akron, OH is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Akron, OH?
Akron, OH's PropertyIQ Score is 82, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 82 places Akron, OH above its state benchmark.
Are home prices in Akron, OH rising or falling?
Home prices in Akron, OH are rising. Over the past year, the median home value increased 8.2%, reaching $242K. Over the latest three months, values slipped 0.1%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Akron, OH's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Akron, OH?
In Akron, OH, homes sell in a median of 36 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 20% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Akron, OH market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.