Market Overview
Home Prices in Akron, MI
The median home value in Akron, MI is $131,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Akron are priced68% below average.
Over the past five years, Akron home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Akron Home Price Trend
2020
$93,714
$94K
—
2021
$109,183
$109K
+16.5%
2022
$122,649
$123K
+12.3%
2023
$121,364
$121K
-1.0%
2024
$120,985
$121K
-0.3%
2025
$126,531
$127K
+4.6%
2026
$131,971
$132K
+4.3%
City Comparison
Akron vs. National Median
🏠 Akron
$131,971
National Median
$410,000
At $131,971, homes in Akron cost 68% below the national median of $410,000. This makes Akron a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Akron?
20% Down Payment
$26,394
on $131,971
Monthly P&I
$688/mo
30-yr @ 6.8%
Total Monthly Est.
~$874/mo
incl. taxes & insurance
Income Needed
$34,960
gross annual (30% rule)
10% Down Option
$13,197
+ PMI applies
Loan Amount (20% dn)
$105,577
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Akron, MI?
The median home value in Akron is $131,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Akron?
Over the past year, home values in Akron have increased by 4.3%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Akron?
To comfortably afford the median home price of $131,971 with a 20% down payment ($26,394) at today's rates (6.8%), you'd need a gross annual income of approximately $34,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Akron compare to the national average home price?
The national median home value is approximately $410,000. At $131,971, homes in Akron are 68% below the national average.