Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,894, 1,392 total housing units (homes and apartments), and a median house value of $224,709, house prices in Akron are solidly below the national average.
Single-family detached homes are the single most common housing type in Akron, accounting for 49.22% of the village's housing units. Other types of housing that are prevalent in Akron include duplexes, homes converted to apartments or other small apartment buildings ( 33.22%), large apartment complexes or high rise apartments ( 11.59%), and a few mobile homes or trailers ( 5.97%).
People in Akron primarily live in small (one, two or no bedroom) single-family detached homes. Akron has a mixture of owner-occupied and renter-occupied housing.
The housing in Akron was primarily built before 1939 ( 38.44%), making the housing stock in Akron some of the oldest overall in America, although there is a range of ages of homes in Akron. The next most important housing age is between 1970-1999 ( 34.31%), followed by between 1940-1969 ( 17.42%). There's also some housing in Akron built between 2000 and later ( 9.83%).
Akron's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Akron during the period has been just 5.60%, which is lower than 70% of US communities.
Over the last year, Akron appreciation rates have trailed the rest of the nation. In the last twelve months, Akron's appreciation rate has been 5.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Akron were at -4.04%, which equates to an annual appreciation rate of -15.21%.
Notably, Akron's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Akron's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Akron differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Akron - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Akron real estate investment or home purchase decisions.
$224,709
for New york
for nation
1,392
$1,190 / per month