Akron Ohio, Univ of Akron Student Rentals

[Ravi Bodepudi]

Hey Guys,

New investor in NE Ohio looking at potential opportunities in Ohio,  Akron/University of Akron being one of them.  

Any Akron investors have any opinions/experience with student rentals in U of Akron? 

Given the low price of homes and higher crime in the area, do you find student rentals to be too risky? 

Also how is rental demand vs supply in the area surrounding the university?

Are there other areas of Akron you would recommend?

Thanks! 

[David Humphrey]

Hey @Ravi Bodepudi. From my experience, the University of Akron rental market has all but dried up based on all of the new student housing that has been built by the University. As far as SFH in the South Akron area for student rentals goes, they are not demanding the rents that they were. Students have many other options now because of all the new housing available.

Don't get me wrong though.  Rents are still strong in the area, but are more to the market rather than out of necessity for students.