What do you think about investing in Akron?

Question

Hi all, I’m  a newbie investor and looking into my first real estate opportunity.

I came across Akron, does anyone have any insights on the market there? any tips / alternatives?

Thanks!

Simon Ashbaugh · Answer

Hey Alon, this will generally depend on what you're after. While Akron offers affordability, Cleveland emerges as a better bet for steady rental income due to high renter occupancy. On the other hand, Columbus might be ideal for long-term appreciation due to population growth and a strong economy.

James Wise · Answer

Solid market for low income investors, cash flow investors, Section 8 investors, that type of thing.

Remington Lyman · Answer

Akron is great for cash flow

Samantha Fedor · Answer

Happy to connect to talk about our experience in Akron. I will send you a DM!

Samuel Diouf · Answer

There is some very low priced real estate in Akron but the housing Demand is a little lower than rival markets. Run some analytics and compare a few similar markets.

What do you want to achieve with real estate? Are you looking to invest to leave your job or to generate wealth? If you want the wealth I would look into appreciation markets such as Columbus or Cincinnati.

Account Closed · Answer

Hi, as an Ohio Realtor, Ohio is a great place to invest in Real estate. If you have any questions or concerns, please feel free to contact me. Thanks!

Regina Blake-Ohio Realtor

Ryan Arth · Answer

It is a smaller city than many of the other midwest names. Unless you are local or have ties there you can replicate what you can accomplish there in many other markets, especially if you are just buying based on price and rent. Given that the population in the MSA isn't rising, you will either buy an asset that just tracks with inflation, or you would have to be more strategic with your investment, as you won't see the rising tide that growing markets could have. Though even growing markets don't have value or rent growth in every property in the market, but the trend does present an opportunity to experience gains.

What do you think about investing in Akron?

What do you think about investing in Akron?

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