Cap Rate in Akron, OH

2026 Market Overview for Real Estate Investors

Avg Cap Rate

8.6%

#6 of 50 markets

Median Home Price

$100,000

Purchase price

Median Monthly Rent

$950

$11,400/yr gross

Rent-to-Price Ratio

0.95%

Strong (1% rule range)

Cap Rate Rating

Very Good

Above average. Make sure the higher return is not masking higher risk or deferred maintenance.

Market Snapshot

Population	190,469
5-Year Population Growth	-2.0%
Median Household Income	$37,000
Vacancy Rate	8.9%
Property Tax Rate	2.12%($2,120/yr)

Investor Takeaway

Akron offers strong cash flow with lower vacancy than nearby Cleveland. The University of Akron provides a built-in tenant pool for properties near campus.

Quick Math

Estimated annual numbers for a median-priced property in Akron, OH before financing:

Annual Gross Rent$11,400

Less Vacancy (8.9%)($1,015)

Less Property Tax (2.12%)($2,120)

Less Est. Insurance + Maintenance($2,000)

Estimated NOI$6,265

Implied Cap Rate6.3%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.