Akron, OH

Below AverageTier 1CBSA 10420Compare

Risk Rank: #239 of 273Month: 2026-08Score change (12m):↓ -12

36score

Composite risk percentile vs 273 metros (higher = higher risk)

Executive Summary

Akron's housing market shows below-average risk, ranking 239th of 273 metros. The market recently entered Expansion. Current conditions are balanced with stable liquidity. Broad-based growth with healthy fundamentals.

Akron experienced a market correction from mid-2025 through mid-2025. The market has since normalized and entered Expansion.

Inventory is growing at a moderate +8% pace with homes taking -3% longer to sell — within normal ranges.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Normal growth conditions with balanced fundamentals

Key Dynamics

Risk is primarily driven by migration and employment, while permits per capita provides the most support.

Top Drivers

Migrationp88

Net AGI migration (risk inverted)

Employmentp69

12-month employment change (risk inverted)

Price Momentump42

12-month HPI change

Market Signals

Inventory is growing at a moderate +8% pace with homes taking -3% longer to sell — within normal ranges.

Liquidity

Stable—

Active Listings YoY

+8.2%p57

Days on Market YoY

-2.7%p42

Months in status1

Data through Aug 2026

Valuation

Balanced—

Rent vs. Price Growth

+2.8%p91

Months in status1

Data through Aug 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumNeutral

+2.0%p42

12-month HPI change — higher = overheating

Permit GrowthLow Risk

-30.8%p7

YoY permit change — higher = supply pressure

Permits per CapitaLow Risk

0.98p4

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityLow Risk

0.24p9

Mortgage payment / income — higher = more burdened

EmploymentElevated

-0.1%p69

12-month employment change (risk inverted)

MigrationHigh Risk

-$66Kp88

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Normal expansion. Credit is available, transactions are healthy — no constraints on current growth momentum.

Bank Lending Standards

+0.0Normal

Rate Change (YoY)

+11 bpsNormal

Mortgage Risk Premium

+196 bpsElevated

Stable for 10 quartersData through 2026-Q3

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.89Elevated

Completion-Permit Divergence

-19.2 ppNormal

Accumulating for 6 quartersData through 2026-Q3

Local Signals

Metro Permit Activity

Permit Activity

Sharp Cooling

YoY Permit Growth

-30.8%Significant pullback

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Significant supply pullback into healthy demand. A supply constraint is forming — pricing power is shifting to existing inventory holders.

Employment Concentration

Employment

Diversified

Largest SectorHealth Care 17.4%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2026-06	Rec	36	60	5	10	49	88
2025-12	Exp	43	77	6	10	72	88
2025-11	Rec	48	74	83	9	45	62
2025-09	Rec	51	78	83	9	56	62
2025-08	Hyp	48	83	83	9	31	62
2025-06	Ress	48	74	83	10	41	62
2025-04	Ress	47	52	83	10	58	62
2025-03	Rec	50	63	83	8	66	62
2025-02	Hyp	54	77	83	8	73	62
2024-12	Hyp	58	91	83	10	86	62
2024-09	Rec	55	69	83	9	87	62
2024-08	Hyp	52	70	83	9	69	62
2024-06	Exp	58	95	83	10	79	62
2024-04	Exp	60	96	83	10	91	62
2024-01	Exp	57	82	83	8	91	62
2023-10	Exp	57	82	83	6	92	62
2023-08	Rec	55	72	83	5	92	62
2023-06	Rec	48	47	83	5	73	62
2023-03	Ress	37	31	83	4	23	62
2023-01	Hyp	37	29	83	4	24	62
2022-11	Hyp	40	35	83	5	40	62
2022-10	Rec	39	33	83	5	34	62
2022-08	Rec	42	30	83	8	55	62
2022-07	Exp	44	28	83	8	64	62
2022-05	Exp	44	22	83	7	76	62
2022-04	Hyp	44	23	83	7	71	62
2022-03	Exp	47	26	83	8	87	62
2022-02	Rec	48	25	83	8	96	62
2021-12	Rec	49	22	83	5	77	88
2021-10	Exp	49	18	83	5	81	88
2021-08	Exp	50	30	83	5	75	88
2021-05	Exp	45	31	83	5	48	88
2021-04	Rec	45	33	83	5	43	88
2021-02	Rec	51	44	83	5	70	88
2021-01	Exp	51	42	83	5	72	88
2020-11	Exp	54	66	83	9	69	78
2020-10	Rec	52	65	83	9	63	78
2020-08	Rec	53	64	83	9	65	78
2020-05	Rec	50	44	83	9	69	78
2020-02	Exp	53	61	83	9	71	78
2019-12	Exp	56	66	83	9	77	86
2019-11	Rec	57	70	83	9	79	86
2019-09	Rec	56	57	83	9	85	86
2019-08	Exp	52	36	83	9	81	86
2019-06	Exp	51	38	83	9	72	86
2019-03	Rec	56	53	83	8	88	86
2019-01	Rec	54	44	83	8	85	86

Data Vintages

Price (HPI)2026-Q2

Permits2026-08

Income2024

Employment2026-08

Migration2023