44305, Akron, OH

The 44305 zip code of Akron, OH has a population of over 200,000 people and a median home value of $128,000. The median home value in this zip code is above the national median home value by almost 20%. This high home value is likely due to the large number of college-educated residents in the area.

In addition to having a high median home value, Akron also has a high rate of homeownership. Nearly two-thirds (64%) of homes in this zip code are owned by their occupants, which is above the national homeownership rate of 62%. This high homeownership rate may be due to the strong economy and low unemployment rates in Akron.

Despite these positive factors, there are some challenges facing homes in the 44305 zip code. One issue is that prices have been increasing faster than wages over the past few years. This trend may cause some people who are not able to afford a higher mortgage payment to lose their homes. In addition, there is an increasing demand for housing near major transportation hubs such as Interstate 77 and Interstate 480 which could lead to higher prices for homes located near these areas.