Akron, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Akron Neighborhoods Since 2000




Akron, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Akron Housing Market Information

With a population of 2,845, 1,267 total housing units (homes and apartments), and a median house value of $135,964, house prices in Akron are solidly below the national average.

Single-family detached homes are the single most common housing type in Akron, accounting for 59.45% of the village's housing units. Other types of housing that are prevalent in Akron include duplexes, homes converted to apartments or other small apartment buildings ( 21.11%), large apartment complexes or high rise apartments ( 10.52%), and a few mobile homes or trailers ( 5.95%).

The most prevalent building size and type in Akron are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.04% owning and 44.96% renting.

The housing in Akron was primarily built before 1939 ( 47.48%), making the housing stock in Akron some of the oldest overall in America, although there is a range of ages of homes in Akron. The next most important housing age is between 1940-1969 ( 28.51%), followed by between 1970-1999 ( 22.03%). There's also some housing in Akron built between 2000 and later ( 1.98%).

Akron Home Appreciation Rates

In the last 10 years, Akron has experienced some of the highest home appreciation rates of any community in the nation. Akron real estate appreciated 20.53% over the last ten years, which is an average annual home appreciation rate of 1.89%, putting Akron in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Akron definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Akron that despite a nationwide downturn in the housing market, Akron real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Akron appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 78.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Akron. Akron appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Akron's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$135,964

Akron, NY HOME PRICES

Value Range
> $1,110,000 0.0
$833,001 - $1,110,000 0.3
$555,001 - $833,000 0.5
$444,001 - $555,000 2.1
$333,001 - $444,000 1.0
$222,001 - $333,000 5.9
$111,001 - $222,000 59.8
$56,001 - $111,000 16.4
$0 - $56,000 14.1

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
56.6916676432673 65.3198653198653

Number Of Homes And Apartments:
1,267

Akron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.24% 2.43% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 55.04
Renters 44.96
Vacant 3.43

Housing Market Details

 

Age of Homes

AGE OF Akron HOMES
2000 or Newer 2.0
1970 - 1999 22.0
1940 - 1969 28.5
1939 or Older 47.5

Types of Homes

TYPE OF Akron HOMES
Single-Family 59.5
Townhomes 3.0
Small Apt. Buildings 21.1
Apt. Complexes 10.5
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Akron HOMES
No Bedroom 0.61
1 Bedroom 15.78
2 Bedrooms 31.94
3 Bedrooms 37.20
4 Bedrooms 13.80
5 or more bedrooms 0.69