HousingHandbookReference data

U.S. ZIP Code · OH44223

Summit County · Akron, OH

Typical home value

$255,655[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.7%
5-year / yr
+6.2%
10-year / yr
+5.9%

Relative price

vs U.S.
-10.0%
vs metro
≈ metro median
vs state
+16.9%
ZIP 44223 location in OH
Location of ZIP 44223 in OH

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 44223 is worth $255,655. Over the past year, values have risen 4.7%. Homes here rent for a typical $1,488 a month — a 7.0% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,488[2]
Gross yield
7.0%[2]
Cap rate
4.2%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$3,864[3]

#Climate risk

FEMA National Risk Index ratings for Summit County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Moderate
Hurricane
Relatively Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
18,459[3]
Median household income
$90,335[3]

#Migration

Household moves in and out of Summit County over a year, from IRS tax-return data.

Net migration
-218[5]
Moved in
12,272
Moved out
12,490

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
1
High
0
  • Bolich Middle School

    Middle · Grades 6–8 · Cuyahoga Falls City

    551 students

  • Richardson Elementary School

    Elementary · Grades K–5 · Cuyahoga Falls City

    340 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.0%
Net yield (after ~40% expenses)4.2%
Annual rent$17,850

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,293
Loan principal$204,524
Down payment$51,131
Total interest paid$260,859

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.23
Monthly cost to own$1,827
Monthly rent$1,488

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
81st percentile[1]
Rental yield
25th percentile[2]
Property tax
72nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 44223?
The typical home in 44223 is worth $255,655, based on the Zillow Home Value Index.
Are home values rising in 44223?
Home values in 44223 are up 4.7% over the past year, and up 6.2% a year over five years.
What is the typical rent in 44223?
A typical home in 44223 rents for about $1,488 a month, a gross rental yield of 7.0%.
What is the property tax rate in 44223?
The effective property tax rate in 44223 is 1.5% — roughly $3,864 a year on a typical home.
Who lives in 44223?
ZIP code 44223 has a population of 18,459 and a median household income of $90,335.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Akron, OH

    Typical home
    $255,654
    Gross yield
    4.9%
  • Suffield CDP, OH

    Typical home
    $257,132
    Gross yield
  • Akron, OH

    Typical home
    $257,872
    Gross yield
    6.9%
  • Kent, OH

    Typical home
    $245,518
    Gross yield
    7.2%
  • New Franklin, OH

    Typical home
    $244,669
    Gross yield
    6.5%
  • OH

    Typical home
    $233,655
    Gross yield

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