Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

6
Posts
5
Votes
Rushil Gulati
5
Votes |
6
Posts

Looking to invest in Akron, OH. Advice Needed!

Rushil Gulati
Posted

Hi all, I am looking to invest in Akron, OH. I am looking in the zipcode 44314 which is Kenmore. I had a few questions and would like to know from people around the area:

1. Akron has a decreasing population. Is this an issue with investing in the area? Are there plans for growth in future and any developments going on? Also, how does the appreciation looks like

2. What thoughts do people have on the zipcode I am looking at?

3. How is the rent for a 5bd 2 ba in the area?

TIA!

Most Popular Reply

User Stats

71
Posts
46
Votes
Brendan Taylor
  • Real Estate Agent
  • Akron, OH
46
Votes |
71
Posts
Brendan Taylor
  • Real Estate Agent
  • Akron, OH
Replied

1. Akron is not an appreciation play. Probably never will be. Population continues at a slow decline but the renter to homeowner ratios are good. My properties rent quickly.

2. The zip codes all depend on your strategy. Personally I am open to what people may consider more "fringe" or bad areas. Zip codes I invest in 44301, 44302, 44303, 44305, 44306, 44310, 44312, 44313, 44314, 44320. Akron, like most cities, can change from block to block so parts of some zip codes are no goes for me. Depending on your strategy some of these may or may not work for you.

3. Depends where this property is and condition. Typically I try to stick to 2-4 bedroom single families as larger homes do not bring much more in rent but more in repairs.

Loading replies...