Akron, OH home prices
Typical home $240,089 · +4.0% in a year · income needed $73,600
The Akron, OH metro area ranks 492 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.0% in a year and +30.5% over five years. With 20% down at 7.11%, the typical home costs about $1,718 a month including 1.53% property tax (Summit County rate).
Mortgage on the typical Akron home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,018 | $192,071 | $1,292 | $0 | $426 | $1,718 | $73,600 |
| 10% down | $24,009 | $216,080 | $1,454 | $90 | $426 | $1,970 | $84,400 |
| 5% down | $12,004 | $228,085 | $1,534 | $95 | $426 | $2,056 | $88,100 |
| 3.5% down (FHA) | $8,403 | $235,740 | $1,586 | $106 | $426 | $2,118 | $90,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.53% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Akron area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Summit County, OH | $227,458 | +3.6% | 1.53% |
| Portage County, OH | $282,245 | +5.3% | 1.27% |
What can you afford in Ohio on your salary? · Ohio home prices · Salaries in Ohio
Frequently asked questions
How much is a house in Akron?
The typical home in the Akron, OH metro area is worth $240,089 (Zillow, September 2026).
What salary do you need to buy a house in Akron?
About $73,600 a year for the typical home with 20% down at 7.11%.