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Akron, OH Real Estate


According to census data in the year 2000 there were 97,265 housing units in Akron. This represents a 0.9% growth from 96,372 in 1990.

Of those housing units, 97,093 were located in either urbanized areas or urban clusters, and 172 were located in what is classified as a rural area.

Homeownership rate in Akron is about 59.3%. Akron's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.36 people.

The majority of houses, apartments or condos in Akron were built after 1950.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom14.50%
Two Bedrooms28.90%
Three Bedrooms41.30%
Four Bedrooms11.10%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1947
Median Value of occupied units$76,500
Median Price asked for vacant units$67,100

Rented Homes, Apartments and Condos

Average Household Size2.16
Median year structure was built1956
Median Monthly Rent asked for vacant units$427

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.80%
Home Equity Loan9.70%
Simple Mortgage50.80%
Debt Free31.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.7%