Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
FIPS 39153 · population 537,864 · part of Akron, OH
The latest county-level Zillow ZORI is $1,260 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $904 | Summit County, OH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $985 | Summit County, OH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,268 | Summit County, OH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $1,547 | Summit County, OH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $1,681 | Summit County, OH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 39153. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Summit County presents a workable gross-income case with a real tension: rent has outpaced the Zillow price measure, yet visible supply and household movement do not establish durable demand. Zillow's 2026-06 median home value was $232,716, up 4.35%, while median asking rent was $1,260, up 5.60%, producing a reported gross yield of 6.50% before costs. FHFA's separate 2025 repeat-transaction HPI rose 3.87%; it supports direction but is not a home value and should not be blended with Zillow. Income-oriented buyers should investigate property-level costs and flood exposure; appreciation- or resale-dependent buyers should be cautious.
Rent is median asking rent, not collected rent. HUD's two-bedroom FMR is $1,268, and market rent is 99.40% of that standard; FMR is a payment standard, not an asking-rent estimate. The reported yield cannot support a net-return conclusion. A 1.53% effective property-tax rate and $3,195 median annual tax are material carrying-cost checks, but county medians cannot be assigned precisely to a target. The modeled annual building-loss ratio is 0.08%; inland flood is the dominant hazard, so parcel flood mapping and insurance quotes are needed rather than a county-wide loss adjustment.
Demand and competition are mixed. Tax-return net migration was -179; average AGI was $63,448 inbound versus $69,596 outbound, so the outflow was associated with higher average mover income in this record. Investor mortgages represented 10.89% of 6,293 purchases, a meaningful but minority competitor presence. QCEW covered employment declined 0.42% while average weekly wage rose 3.89%; its largest disclosed private supersector is Trade, transportation, and utilities, not the whole economy. Realtor.com is listing-market evidence: visible supply and marketing-time measures cannot establish closed-sale demand, and no current median listing-price dollar figure is supplied.
Underwriting should stop short of a county-level net yield, valuation, or demand conclusion. The record lacks property-specific expenses, insurance premiums, flood-zone or elevation data, vacancy, lease terms, financing, and closed-sale comparables; without them, gross yield cannot become cash-on-cash return, and county price direction cannot establish a target's exit value. Next checks are parcel-level flood and insurance review, verified signed-rent and operating statements, and recent closed-sale and lease comparables. These checks matter because FMR, MLS listings, tax-return migration, investor mortgages, and county HPI answer different questions.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Across the selected direct-evidence ZIP/ZCTA matches in Summit County, Zillow’s current ZORI, a typical observed asking-rent index, runs from $936 to $1,712, with a $1,186 median and a $776 spread. That range brackets the county’s $1,260 ZORI, rather than indicating one countywide asking price. The immediate decision question is therefore not simply where rent is lowest: it is whether the current asking-rent band for a particular available unit fits the household budget, bedroom need, lease terms, and its own market alternatives. The selected matches represent 51,282 renter households in the supplied selection.
Zillow, ACS and HUD answer different questions and should not be blended. Zillow’s ZIP ZORI describes observed asking rents, whereas ACS five-year ZCTA median gross rent is a survey estimate and ranges from $824 to $1,183 in this selection. HUD’s two-bedroom FMR is an administrative standard, not an asking-rent measure, and ranges from $1,070 to $1,500. The asking-index-to-HUD comparison spans 79.3% to 118.3%: 44306’s $936 ZORI is below its $1,180 two-bedroom standard, while 44203’s $1,337 index exceeds its $1,130 standard. The contrast may help structure a unit-specific search or program screening, but it cannot establish that a listing has two bedrooms, matches HUD assumptions, or is affordable.
Budget pressure and vacancy are separate, not opposing, signals. The ACS share of renter households spending 30% or more of income on rent ranges from 32.5% to 64.2%, while ACS vacancy ranges from 4.1% to 19.1%. At the higher-burden end, 44320 combines a 64.2% burden share with 11.2% vacancy; 44319 posts 32.5% burden and 4.1% vacancy. More vacancy can widen the set of units to check, but neither it nor ZIP-level burden demonstrates availability, affordability, or comparable unit quality. For a household screening an advertised unit, these indicators should be read alongside the actual all-in monthly cost and its own income, not as a guarantee about a particular lease.
The geographic and coverage frame limits any ZIP-level conclusion. Census ZCTAs are statistical areas rather than USPS delivery ZIPs, and ZIPs can cross county lines. The packet assigns each displayed ZIP to Summit County based on the largest HUD residential-address share, rather than asserting every address lies in the county. Its direct-evidence set is selected, not an exhaustive county or neighborhood inventory, so absent places cannot be ranked or treated as having no rental activity. Before choosing a property, verify the advertised asking rent and whether utilities are included, bedroom count, lease duration, availability date, application and other fees, deposit, income qualification, program eligibility, and the exact delivery address.
20 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 44310 | $1,026 | $980 | $1,170 | 57.6% | 8.0% | $41k | 100.0% |
| 44306 | $936 | $904 | $1,180 | 44.4% | 10.6% | $37k | 100.0% |
| 44221 | $1,394 | $1,028 | $1,380 | 38.1% | 5.1% | $56k | 100.0% |
| 44313 | $1,449 | $1,074 | $1,290 | 46.4% | 6.2% | $58k | 100.0% |
| 44224 | $1,712 | $1,183 | $1,500 | 41.2% | 6.6% | $68k | 99.9% |
| 44203 | $1,337 | $869 | $1,130 | 38.2% | 6.8% | $53k | 99.5% |
| 44305 | $1,122 | $948 | $1,270 | 51.6% | 10.5% | $45k | 100.0% |
| 44320 | $1,195 | $948 | $1,150 | 64.2% | 11.2% | $48k | 100.0% |
| 44314 | $1,177 | $967 | $1,140 | 43.6% | 11.3% | $47k | 100.0% |
| 44312 | $1,165 | $998 | $1,250 | 38.7% | 4.5% | $47k | 99.8% |
| 44319 | $1,425 | $1,151 | $1,340 | 32.5% | 4.1% | $57k | 100.0% |
| 44311 | $946 | $824 | $1,070 | 47.2% | 19.1% | $38k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 44221 rental reportSummit County | Cuyahoga Falls, OH | $1,394 | ▲ 7.8% | 38.1% | 28,546 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.079% of building value expected lost per year
$3,195 median annual bill
12,227 in · 12,406 out
$63,448 arriving · $69,596 leaving
685 of 6,293 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Summit County | 537,864 | $233k | $1,260 | 6.5% | inland flooding |
| Portage County | 161,956 | $287k | $1,364 | 5.7% | inland flooding |
The record provides median monthly market asking rent. HUD FMR is a separate payment standard, not a market-rent estimate.
Zillow and FHFA both indicate positive direction, but FHFA is a repeat-transaction index rather than a dollar home value, and the observations use separate periods and methods.
The record lacks property-specific operating expenses, insurance premiums, vacancy, financing terms, and lease details, so the reported gross yield cannot establish cash-on-cash return.