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Akron city, OH

ZIP 44308 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 44308

Median Home Value
$433,300
Median Rent
$733
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,783/mo PITI).

57%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

28.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

49.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 44308 in Akron city, OH, a household would need roughly $119,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,783. That is about 669% above the local median household income ($15,473), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
4.2%-94% vs US avg
x
Vacancy Rate
9.8%-5% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
1.5%-89% vs US avg
x
Built Post-2014
7.3%+6% vs US avg
x
Rent Burden >30%
18.6%-62% vs US avg
x
Mortgage-Free
33.3%-13% vs US avg
x
$433,300
Home Value
$733
Rent
1953
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached0.0%
  • 1-unit attached1.5%
  • 2-9 units10.0%
  • 10+ units88.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$433,300
Median rent$733
Owner-occupied4.2%
Vacant9.8%
Price-to-income28.0x
Est. income to buy$119,000