44306, Akron, OH

The 44306 zip code of Akron, OH has a median home value of $128,900 and a median home equity value of $109,000. These values are significantly lower than the national median home value of $217,500 and median home equity value of $142,000. This is likely due to the fact that the Akron area is one of the most economically depressed areas in the country. The unemployment rate in this zip code is over 10%, compared to 6.5% nationally. Additionally, there are a large number of vacant homes in this area which have not been sold for years due to poor economic conditions.

Despite these challenges, there are some homeowners who have been able to benefit from the low prices in this area by refinancing their homes or purchasing new homes at a discount. In addition, many people are also investing in real estate through property flipping or rental properties. While it may not be an ideal situation for everyone living in this zip code, it does provide some residents with opportunities they may not have had otherwise.