Property Prices in Akron, OH, United States

Index Info
Price to Income Ratio: 1.63
Mortgage as Percentage of Income: 12.00%
Loan Affordability Index: 8.33
Price to Rent Ratio - City Centre: 8.05
Price to Rent Ratio - Outside of Centre: 5.31
Gross Rental Yield (City Centre): 12.42%
Gross Rental Yield (Outside of Centre): 18.84%
Rent Per Month
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Apartment (1 bedroom) in City Centre 643.75 $ 500.00-700.00
Apartment (1 bedroom) Outside of Centre 619.44 $ 550.00-750.00
Apartment (3 bedrooms) in City Centre 1,016.67 $ 850.00-1,250.00
Apartment (3 bedrooms) Outside of Centre 950.00 $ 800.00-1,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 99.30 $ 93.60-110.00
Price per Square Feet to Buy Apartment Outside of Centre 62.20 $ 33.71-147.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,672.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.17 3.20-5.00

These data are based on 101 entries in the past 18 months from 24 different contributors.
Last update: December 2020

Sources and References
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