Akron appears affordable relative to its own citywide benchmarks: median gross rent ($955/month) represents about 23.8% of median monthly household income ($4,006), which is below the 30% affordability threshold often used in housing analysis. However, this assessment relies solely on citywide aggregates and does not reflect neighborhood-level variation in costs, income, or housing quality.
Akron at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $26,460. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 189,247 |
| 2024 ACS median household income | $48,076 |
| 2024 ACS median gross rent | $955 |
| 2024 ACS median owner-occupied home value | $122,000 |
| Derived one-way commute estimate | 24 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 24% |
The trade-off
Relative strength: Median rent is under $1,000 monthly.. Watch closely: lower housing costs may reflect lower income levels or limited job access..
Compare Akron
Frequently asked questions
Is Akron Ohio affordable to live in?
Based on 2024 ACS data, Akron's median gross rent of $955 per month is about 23.8% of median monthly household income ($4,006), suggesting affordability by standard metrics. However, this is a citywide average and does not reflect variation across neighborhoods or individual circumstances.
What is the median home value in Akron Ohio?
The 2024 ACS 5-year estimate for median owner-occupied home value in Akron, Ohio is $122,000. This figure reflects the midpoint of home values across the city and does not indicate current market prices or neighborhood-specific differences.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.