The typical home in Akron, OH is worth about $190,000.
With 20% down that's a loan near $152,000 — the calculator
is pre-filled with that figure. Once the center of the U.S. tire industry, Akron has diversified into polymers and healthcare, with home prices still well below the national median. As across Ohio, the property tax rate is high enough to be a real line item even on an inexpensive home.
$986.88 / month
Total interest
$203,276
Total paid
$355,276
Payoff
30.0 years
How much you need to earn
Akron, OH's median household income is about
$58,000 a year. Under standard 28/36
lending rules that supports a home price around
$188,299 with 20% down —
below the $190,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Akron, OH is about $1,100 a month, so owning the median home costs roughly
$264 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Akron, OH?
On the metro's roughly $190,000 typical home with 20% down, the loan is about $152,000. Principal and interest run near $987 a month at today's rate, and Akron, OH's property tax plus insurance add about $378, for a full payment near $1,364.
Can I afford a home in Akron, OH on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $188,299 with 20% down — below the $190,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Akron, OH?
Typical asking rent is about $1,100 a month. The full owner payment on a median home is near $1,364, so owning costs roughly $264 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Akron, OH?
The effective property tax rate in the core county is about 1.70% of market value — roughly $3,230 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Akron, OH rising or falling?
Home values are up about 5% over the past year. Once the center of the U.S. tire industry, Akron has diversified into polymers and healthcare, with home prices still well below the national median. As across Ohio, the property tax rate is high enough to be a real line item even on an inexpensive home.