What is the median home value in Summit County, OH?

The median home value in Summit County, OH is $195,700, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Summit County, OH?

The cap rate proxy in Summit County, OH is 7.8% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Summit County, OH?

Summit County has 538,087 residents and issued 599 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Akron, OH · Ohio

Summit County

538,087 residents599 permits TTM$71,016 median HHI34 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$195,700

ACS 5-Year

Cap rate proxy

7.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.9%

HUD FMR ÷ ACS HHI

Net migration

+1.72%

IRS SOI

Permits (TTM)

599

Census BPS

Climate risk

91.2

FEMA NRI (0–100)

ZIP code breakdown34 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
44304	$93,502	$1,200	15.4%	11.8%	22.3%
44306	$87,748	$1,180	16.1%	13.9%	12.1%
44307	$78,227	$1,120	17.2%	17.8%	-2.3%
44311	$76,562	$1,070	16.8%	17.6%	-5.0%
44250	$195,700county est.	$1,200	7.4%	6.1%	16.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$103,816	$1,140	13.2%	13.4%	-4.1%
$118,323	$1,270	12.9%	11.9%	4.8%
$108,419	$1,150	12.7%	11.7%	5.7%
$118,076	$1,290	13.1%	11.5%	9.4%
$112,911	$1,170	12.4%	11.3%	6.1%
$129,664	$990	9.2%	9.4%	-4.3%
$190,347	$1,380	8.7%	9.0%	-6.3%
$173,291	$1,250	8.7%	8.6%	-1.9%
$174,001	$1,130	7.8%	8.1%	-7.1%
$246,685	$1,310	6.4%	7.8%	-25.3%
$288,043	$1,500	6.2%	6.8%	-11.4%
$355,968	$1,700	5.7%	6.8%	-20.6%
$249,197	$1,290	6.2%	6.8%	-11.5%
$310,842	$1,530	5.9%	6.5%	-12.1%
$277,122	$1,280	5.5%	6.5%	-18.8%
$345,025	$1,600	5.6%	6.4%	-18.8%
$195,700county est.	$1,260	7.7%	6.1%	20.8%
$195,700county est.	$1,160	7.1%	6.1%	14.0%
$195,700county est.	$1,120	6.9%	6.1%	10.9%
$523,493	$1,900	4.4%	5.5%	-27.6%
$233,742	$1,340	6.9%	5.0%	25.5%
$244,161	$1,120	5.5%	4.8%	10.4%
$269,306	$1,020	4.5%	4.4%	2.2%
$269,410	$1,090	4.9%	4.3%	8.4%
$401,275	$1,320	3.9%	4.1%	-7.3%
$289,599	$1,550	6.4%	4.0%	35.6%
$330,346	$1,900	6.9%	3.6%	47.5%
$410,936	$1,430	4.2%	2.9%	30.2%
$478,352	$1,470	3.7%	2.4%	32.1%

Demographics

Owner-occupied

67.3%

Census ACS

Vacancy rate

7.2%

Census ACS

Bachelor's degree +

35.3%

Census ACS

Rent burdened

43.2%

Census ACS (>30% income)

Median age

41.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Summit County

See all 34 ZIPs ranked by yield and cap rate