U.S. ZIP Code · OH44240
Portage County · Akron, OH
Appreciation
- 1-year
- +4.3%
- 5-year / yr
- +6.1%
- 10-year / yr
- +5.9%
Relative price
- vs U.S.
- -13.6%
- vs metro
- -4.7%
- vs state
- +12.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 44240 is worth $245,518 — 4.7% below the Akron, OH median. Over the past year, values have risen 4.3%. Homes here rent for a typical $1,467 a month — a 7.2% gross rental yield. The effective property tax rate is 1.4%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Portage County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- No Rating
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Relatively Moderate
- Earthquake
- Very Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Portage County over a year, from IRS tax-return data.
- Net migration
- -237[5]
- Moved in
- 4,740
- Moved out
- 4,977
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 7
- Elementary
- 5
- Middle
- 1
- High
- 1
Theodore Roosevelt High School
High · Grades 9–12 · Kent City
1,256 students
Stanton Middle School
Middle · Grades 6–8 · Kent City
655 students
Brimfield Elementary School
Elementary · Grades K–5 · Field Local
520 students
Davey Elementary School
Elementary · Grades PK–5 · Kent City
445 students
Walls Elementary School
Elementary · Grades K–5 · Kent City
354 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 44240?
- The typical home in 44240 is worth $245,518, based on the Zillow Home Value Index.
- Are home values rising in 44240?
- Home values in 44240 are up 4.3% over the past year, and up 6.1% a year over five years.
- What is the typical rent in 44240?
- A typical home in 44240 rents for about $1,467 a month, a gross rental yield of 7.2%.
- What is the property tax rate in 44240?
- The effective property tax rate in 44240 is 1.4% — roughly $3,426 a year on a typical home.
- Who lives in 44240?
- ZIP code 44240 has a population of 37,788 and a median household income of $57,627.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
New Franklin, OH
- Typical home
- $244,669
- Gross yield
- 6.5%
Akron, OH
- Typical home
- $255,654
- Gross yield
- 4.9%
Cuyahoga Falls, OH
- Typical home
- $255,655
- Gross yield
- 7.0%
Suffield CDP, OH
- Typical home
- $257,132
- Gross yield
- —
OH
- Typical home
- $233,655
- Gross yield
- —
Akron, OH
- Typical home
- $257,872
- Gross yield
- 6.9%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 44240 against any other ZIP — full side-by-side table.
#Jump to section