How much do homeowners pay a month in Akron, OH?
Homeowners with a mortgage in Akron, OH pay a median of $1,141 (±$25) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $483 (±$11).
61.1% of owned homes carry a mortgage.
In Akron, the median monthly cost with a mortgage went from $985 in 2015–2019 to $1,141 in 2020–2024 (+15.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,141 (±$25)
- Without a mortgage
- $483 (±$11)
- Owned with a mortgage
- 61.1%
Monthly owner costs in Akron
| Akron | Summit County | Ohio | United States | |
|---|---|---|---|---|
| With a mortgage | $1,141 (±$25) | $1,470 (±$17) | $1,517 (±$5) | $1,963 |
| Without a mortgage | $483 (±$11) | $599 (±$9) | $588 (±$2) | $638 |
| Owned homes with a mortgage | 61.1% (±1.9 points) | 63.6% (±0.8 points) | 60.6% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,950 (±$61) | $3,195 (±$48) | $2,822 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Akron, the median cost with a mortgage is lower than in Summit County ($1,470).
It is also lower than in Ohio ($1,517).
It is lower than the national figure ($1,963).
In Summit County, Akron ranks 32 of 35 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1790 of 2,330.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Akron have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $985 (±$16) | $1,141 (±$25) | +15.8% | Down after inflation |
| Median real estate taxes | $1,696 (±$34) | $1,950 (±$61) | +15.0% | Down after inflation |
| Median home value | $82,400 (±$1,184) | $122,000 (±$3,166) | +48.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Akron
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Akron | — | $1,141 (±$25) | — |
| Portage Lakes | 5.0 mi | $1,307 (±$139) | Higher |
| Sawyerwood | 5.3 mi | $1,084 (±$400) | Not measurably different |
| Coventry Township | 5.3 mi | $1,355 (±$85) | Higher |
| Tallmadge | 5.3 mi | $1,701 (±$66) | Higher |
| Copley Township | 5.8 mi | $2,070 (±$250) | Higher |
| Munroe Falls | 6.0 mi | $1,455 (±$121) | Higher |
| Mogadore | 6.3 mi | $1,221 (±$57) | Higher |
| Silver Lake | 6.3 mi | $2,028 (±$150) | Higher |
Nearby places with a measurably higher figure: Portage Lakes, OH ($1,307), Coventry Township, OH ($1,355), Tallmadge, OH ($1,701).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Summit County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 26 | Lakemore | $1,337 (±$146) |
| 27 | Northfield | $1,335 (±$146) |
| 28 | Portage Lakes | $1,307 (±$139) |
| 29 | Springfield Township (Summit County) | $1,245 (±$82) |
| 30 | Mogadore | $1,221 (±$57) |
| 31 | Clinton | $1,155 (±$63) |
| 32 | Akron | $1,141 (±$25) |
| 33 | Sawyerwood | $1,084 (±$400) |
| 34 | Barberton | $1,083 (±$45) |
| 35 | Twinsburg Heights | $996 (±$820) |
Showing 10 of 35 places in Summit County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Akron
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Akron beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Akron, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Akron, and send estimates and invoices from your phone.
Questions about Akron
What is the average mortgage payment in Akron?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Akron, OH is $1,141 (±$25) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Akron?
Owners without a mortgage in Akron pay a median of $483 (±$11) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Akron gone up?
In Akron, the median monthly cost with a mortgage went from $985 in 2015–2019 to $1,141 in 2020–2024 (+15.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Akron city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Akron city, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Akron city, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Akron city, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Akron city, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Akron city, Ohio (place:01000, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Akron at a glance
- Median rent in Akron
- Rent by bedrooms in Akron
- Rent burden in Akron
- Renters and owners in Akron
- Income and affordability in Akron
- Home values in Akron
- Property taxes in Akron
- Types of homes in Akron
- Bedrooms in Akron
- Age of homes in Akron
- Vacancy rate in Akron
- Heating fuel in Akron
- Commute and cars in Akron
- Crime reported to police in Akron
- Population growth in Akron
- How long people stay in Akron
- Crowding and facilities in Akron
- Fair Market Rent in Akron
- Ohio landlord and tenant rules
- Housing across Summit County
- Housing data for every place in Ohio