Akron's current Zillow ZHVI typical home value is $144,687, while ZORI typical observed market rent is $1,130 a month. Their implied gross yield is 9.4%, before every operating cost, vacancy, financing and taxes. ZHVI rose 3.5% year over year and ZORI rose 5.1%, describing recent changes rather than a forecast. ZHVI equals 3.0x ACS median household income, while annual ZORI equals 28.2% of that income; these citywide ratios do not establish a household's budget or a property's return.
The city has 93,741 housing units, with a 9.6% citywide vacancy rate and a 49.3% renter share of occupied units. The city's median year built is 1954, making inspection scope and capital needs important without proving any building's condition. ACS reports a $122,000 median home value and $955 median gross rent for surveyed occupied housing; gross rent includes selected utilities. Those ACS measures differ in population, concept and period from Zillow's typical value and observed market rent and should not be averaged.
City depth is mixed: 53.8% of renter households are rent-burdened, while 70.7% of housing units are single-family and 10.4% are in large multifamily structures. Of all vacant units, 10.7% were classified as for rent; sale and seasonal categories also appear, so ACS vacancy reasons do not measure rentable investment inventory. Population was 4.4% lower across the overlapping ACS vintages, a comparison that is not annualized and may reflect boundary changes. Median household income is $48,076, the poverty rate is 23.3%, and unemployment is 7.8%. These are descriptive demand constraints, not causes or proof a particular unit will lease quickly.
The county property-tax rate for Summit County is 1.53%; this county figure does not state an Akron parcel's bill. The Akron, OH metro recorded a 0.55% year-over-year job decline and 1.8 months of supply; metro conditions are broader context, not city measurements. The national Freddie Mac 30-year mortgage rate is 6.58%, a national financing benchmark rather than a borrower quote.
The headline yield is sensitive to omitted expenses and whether a target home can attain the citywide Zillow rent. Before underwriting, verify address-level rent comparables, lease terms, occupancy history and utilities; obtain the tax record, insurance and hazard terms, financing quote, inspection, title review, repair scope and maintenance assumptions. Reconcile utilities with ACS gross rent, stress vacancy and turnover without treating citywide vacancy as property evidence, and compare property-level sales. The record cannot resolve immediate surroundings, legal compliance, deferred maintenance or net cash flow.