It has a variety of housing options and land opportunities, low crime rates, and a peaceful and quiet atmosphere. Its residents are wealthy and well-educated. Like the Ghent neighborhood, this neighborhood has many large, stately homes.
Is Akron a nice place to live?
High Crime Rates
Overall, Akron is a moderately safe city. Like many cities, there are more crime-prone areas of Akron, so you will want to look carefully at statistics for each area before proceeding to buy property there.
Is Akron a good place to invest in real estate?
Akron may be a good place to look for investment property because 50% of residents rent their homes, indicating a strong potential demand for rental housing. Akron has a dense suburban feel and is among the largest communities in Ohio: Population: 190,469.
Why is Akron Ohio so cheap?
There is no shortage of homes in Akron, Ohio, for example. But most of them are old, too many sit vacant, and hundreds of abandoned houses are torn down each year. Akron’s population has dipped from nearly 300,000 residents in the early 1960s to fewer than 200,000 today.
Is it expensive to live in Akron Ohio?
The City of Akron is an inexpensive place to live and operate a business. Compared to the United States and other cities within the United States, cost of living is much lower. See the below chart for a comparison of Akron to the cost of living in the other major US cities.
Is Akron Ohio a poor city?
The poverty rate in Akron is 24.1%. One out of every 4.2 residents of Akron lives in poverty. How many people in Akron, Ohio live in poverty? 46,450 of 193,133 Akron residents reported income levels below the poverty line in the last year.
What is special about Akron Ohio?
Akron is the home of the All-American Soap Box Derby, Alcoholics Anonymous, oatmeal, artificial fishing bait, the World Championship – Bridgestone Invitational golf tournament, and Stan Hywet Hall – one of the finest examples of Tudor Revival architecture in America.
Should I buy property in Ohio?
In 2020, Ohio was ranked #9 as America’s top states for business. It has one of the highest rated infrastructures and a low cost of doing business. A growing job market and economy is always a good sign for a healthy housing market.
Is Ohio a good state for real estate investing?
In 2020, Ohio was ranked #9 in America’s top states for business. The buckeye state has one of the highest-rated infrastructures and a low cost of doing business. As any experienced real estate investor knows, a growing job market and bustling economy are always good signs for a healthy housing market.
Is it wise to invest in real estate now?
Housing prices are adjusting down from the 2020-2021 highs due to rapid interest rate hikes by the Feds. Interest rates are still historically low and affordable for rental property investors. Real estate is a long-term investment and the long term outlook is positive for investing now.
Why is rent so high in Akron Ohio?
Renting cheap housing in Akron is not cheap. The city has a disproportionate share of homes built around World War I and World War II. And they’re concentrated in neighborhoods with extreme “rent burdens” — census tracts where rent consumes 35% or more of a tenant’s income.
Why are homes so inexpensive in Ohio?
Ohio is one of those places. So, why are houses so cheap in Ohio? The average price of homes in Ohio is below $200,000. This is due to factors such as low population growth that doesn’t exceed the housing supply, low wages, land, and the history of the real estate market.
Is Akron Ohio affordable?
AKRON, Ohio — Akron is the most affordable city in the United States, according to real estate database Trulia. A combination of high wages and low home prices put the Rubber City on top of Trulia’s ranking of most affordable cities.
How much do utilities cost per month in Akron Ohio?
Akron utility costs are reasonable at an average price point about 8% lower than the national index. The cost of utilities such as telephone, cable, and internet currently hover around $68.33 per month. Air conditioning, heating, and water are the main concerns when comparing utility costs between cities.
How much is a gallon of milk in Akron Ohio?
Cost of Living in Akron
| Restaurants | Edit |
|---|---|
| Milk (regular), (1 gallon) | 2.96$ |
| Loaf of Fresh White Bread (1 lb) | 1.78$ |
| Rice (white), (1 lb) | 2.04$ |
| Eggs (regular) (12) | 1.50$ |
Why is my Akron water bill so high?
The city of Akron says a computer glitch that backed up the billing process is behind the higher water and sewer bills many got for September. Residents started receiving and complaining this week of the unusually high public utility bills. In some cases, the monthly bill was double what they paid for July or August.
Is Akron Ohio safe?
Akron is a moderately safe city. It scores significantly lower than many other cities in Ohio and is more dangerous than the average American city. On average, Akron’s average annual rate of crime is 35.02 per 1,000 residents. Property crime is the biggest threat in Akron, with theft and burglary scoring highest.
Is Akron Ohio a black city?
Akron Demographics
White: 59.08% Black or African American: 29.86% Two or more races: 5.34% Asian: 4.67%
What is the poorest city in Ohio?
Youngstown was ranked the poorest city in Ohio in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
What is there to do in Akron Ohio in the winter?
Sledding & Snow Tubing
- Goodyear Heights Metropark | Akron.
- Firestone Metro Park | Akron.
- Wampler Park | Massillon.
- Cascade Valley Metro Park | Akron.
- Quail Hollow Park | Hartville.
- Silver Park | Alliance.
- Cuyahoga Valley National Park | Brecksville.
- Quail Hollow Park | Canton.
Is Akron still the rubber capital?
Numerous rubber companies operated in or near Akron, Ohio, making this city the “Rubber Capital of the World.” Among the large-scale rubber producers to have factories in the area were the B.F. Goodrich Company, the Goodyear Tire and Rubber Company, and the Firestone Tire and Rubber Company.