Akron, OH

Population: 393,800
Average annual home appreciation rate: -0.43
Total of homes for sale in this market:
Median home price: 80,260
Median Rent: 499
Home price range: 50% of homes are between $46,000-$93,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 66% of homes are Single Family Detached
Number of vacant homes: 12.66
Number of renters: 43.38
Number of owner occupied: 56.62
Number people living below poverty level: 23.89
Unemployment rate: 7.10
Is this area perfect for real estate deals going on right now? That is a definite maybe, dependent upon one’s ability to work with distressed properties (REO’s) and investment properties (buy and hold properties used as rentals). Waiting for market rebound in depressed areas such as this has been very lucrative for those who have taken advantage of the market while it has been down.

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