Mortgage payment estimates, closing cost breakdowns, and homebuying data for Akron, Ohio.
Pre-filled with Akron median home price and Ohio tax/insurance rates. Adjust for your property.
Estimated closing costs based on Ohio rates and fees applied to Akron prices.
The median home price in Akron is $135,000, 37% below the Ohio state median of $215,000. With a population of 190,469, Akron is a mid-size city where home prices tend to be more accessible than in many parts of Ohio.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $135,000 home in Akron would carry roughly $176/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Akron is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Akron over the long term.
Akron offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Grants for Grads program.