Housing market/Ohio/ZIP 44304

ACS 2023 · FY2027 SAFMR

ZIP 44304 Akron, Ohio

Akron, OH MSA · Ohio. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
3,669
Households
1,278
Median HH income
$35,946
Renter share
93.1%
Median gross rent
$958
Vacancy
23.0%
Pop. change
-27.0%
2BR SAFMR
$1,170
SAFMR / rent
1.221×
2–49 unit stock
857
LIHTC proj / units
3 / 134
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 44304 · OH — sent to you.

ZIP 44304 · OH

ACS median rent$958
2BR SAFMR$1,170
90% floor$1,053
110% ceiling$1,287

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 44304

  • 1-unit detached31118.7%
  • 1-unit attached734.4%
  • 2–4 units43025.9%
  • 5–49 units42725.7%
  • 50+ units41925.2%
TypeUnitsShare
1-unit detached31118.7%
1-unit attached734.4%
2 units (duplex)21913.2%
3–4 units21112.7%
5–9 units1509.0%
10–19 units664.0%
20–49 units21112.7%
50+ units41925.2%
Mobile00.0%

2–4 unit share 25.9% · 5–49 unit share 25.7% · combined 2–49 51.6%.

Units by bedrooms

Studio
21
1BR
395
2BR
702
3BR
203
4BR
234
5+
105

Rent burden

Rent ≥30% of income57.1%
Rent ≥50% of income27.1%
  • ACS median gross rent $958 (all bedrooms, occupied rentals).
  • Median contract rent $797.
  • Renters paying ≥30% of income 57.1%; ≥50% 27.1%.
  • FY2027 2BR SAFMR $1,170 (1.221× ACS median gross rent).

Population

3,669 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -27.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 134 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 58 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 44304 93.1% of occupied households are renters; vacancy is 23.0%; ACS median gross rent is $958; population changed -27.0% between the 2018 and 2023 ACS vintages; the housing stock includes 430 units in 2–4-unit structures and 427 units in 5–49-unit structures; 3 LIHTC projects totaling 134 units; FY2027 2BR SAFMR is $1,170 versus ACS median gross rent of $958. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Ohio research

ZIP 44304 is a Census / HUD profile for Akron, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Ohio research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 44304?

ZIP 44304 (Akron, OH MSA) has 3,669 residents, 1,278 households, a renter share of 93.1%, median household income of $35,946, and ACS 2023 median gross rent of $958. Vacancy is 23.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 44304?

ACS counts 219 units in 2-unit buildings, 211 in 3–4 unit buildings, 150 in 5–9, 66 in 10–19, and 211 in 20–49. Combined 2–49 unit stock is 857 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 44304?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,170. See the full schedule and 90–110% payment-standard band on the ZIP 44304 — Akron, OH HUD Section 8 Payment Standards / SAFMR.

Does this Ohio ZIP profile include Georgia listings?

No. ZIP 44304 is Census / HUD research for Akron, OH MSA. Jeff Crowe CRE does not list Ohio property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.