Sell My House Fast in Akron, Ohio with an iBuyer

Akron Real Estate Market Overview

Average Monthly Rent:

$835

Percentage Change in Home Price/Value:

6.70%

Median Home Value:

$73,012

Best Time To Sell Home:

June

Affordability Index:

High

Days To Sell House:

79.25

Job Market:

Weak

Public School Ranking:

28

Location and Weather

Akron is in the Summit county of northeastern Ohio. It lies along the Cuyahoga River, just 40 miles southeast of Cleveland. Akron is home to many parks, gardens and zoos, as well as the Portage Lakes State Park and the Akron Art Museum. Its long history of rubber and tire manufacturing, which is still carried on by Goodyear Tire today, gave Akron the nickname "Rubber Capital of the World”.

Akron summers are warm, humid, and partly cloudy, while the winters are freezing and cloudy. The summer high temperatures are in the 80’s, with lows in the high 60’s. The winter high temperatures are in the 40’s, with lows in the 20’s.

Population, Job Market and Cost of Living

Akron’s population in 2019 was 198,252, with a growth rate of -2.3%. The job growth has increased by .83% over the last year and in ten years, is predicted to have increased by 26.18%. The major industries are in manufacturing, health care, social assistance and retail trade. The largest companies to work for are Goodyear Tire and Rubber Company, FirstEnergy, Summa Health, Akron Children’s Hospital and the University of Akron. The cost of living is low, due to the Akron real estate market and cost and availability of housing.

With a diversity of jobs in manufacturing, steady job growth, many outdoor recreational venues, mild summers and the benefits of having a university nearby, Akron will continue to attract people to live and work in this northern river city.

Hottest Neighborhoods:

Ellet, Highland Square, Goodyear Heights, West Akron

Local iBuyer Companies in Akron

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