Akron, OH

Population: 198,390
Average annual home appreciation rate: 0.60%
Total of homes for sale in this market:
Median home price: $80,790
Median Rent: $514 per room
Home price range: 50.06% of homes are between $47,001 – $93,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 67.17% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.95%
Number of renters: 43.38%
Number of owner occupied: 56.62%
Number people living below poverty level: 25.77%
Unemployment rate: 7.40%
Is this area perfect for real estate deals going on right now? it’s clear that Akron has been hit by the housing crisis of the past…but statistically speaking, it’s trying to make a comeback. There are many opportunities for the savvy investor in Akron if they just know what to look for. Low overall home prices, higher than average rent, multiple ‘troubled’/vacant properties, higher unemployment and poverty rates, and huge discounts on foreclosed property purchases. This could be a great market for the savvy real estate investor.

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