HousingHandbookReference data

U.S. ZIP Code · OH44312

Summit County · Akron, OH

Typical home value

$180,241[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.6%
5-year / yr
+5.9%
10-year / yr
+6.8%

Relative price

vs U.S.
-36.5%
vs metro
-30.0%
vs state
-17.6%
ZIP 44312 location in OH
Location of ZIP 44312 in OH

Price history

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

The typical home in 44312 is worth $180,241 — 30.0% below the Akron, OH median. Over the past year, values have risen 3.6%. Homes here rent for a typical $1,253 a month — a 8.3% 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
$1,253[2]
Gross yield
8.3%[2]
Cap rate
5.0%[2]

#Property tax

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

Effective tax rate
1.5%[3]
Typical annual tax
$2,681[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
30,280[3]
Median household income
$65,480[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
12
Elementary
6
Middle
3
High
2
  • Ellet Community Learning Center

    High · Grades 9–12 · Akron City

    901 students

  • Springfield Junior/Senior High School

    High · Grades 7–12 · Springfield Local

    849 students

  • Hyre Community Learning Center

    Middle · Grades 6–8 · Akron City

    654 students

  • Spring Hill Elementary

    Elementary · Grades K–3 · Springfield Local

    488 students

  • Hatton Community Learning Center

    Elementary · Grades K–5 · Akron City

    443 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 yield8.3%
Net yield (after ~40% expenses)5.0%
Annual rent$15,035

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$911
Loan principal$144,193
Down payment$36,048
Total interest paid$183,910

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 ratio1.03
Monthly cost to own$1,285
Monthly rent$1,253

Owning and renting are roughly even.

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
53rd percentile[1]
Rental yield
50th percentile[2]
Property tax
63rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 44312?
The typical home in 44312 is worth $180,241, based on the Zillow Home Value Index.
Are home values rising in 44312?
Home values in 44312 are up 3.6% over the past year, and up 5.9% a year over five years.
What is the typical rent in 44312?
A typical home in 44312 rents for about $1,253 a month, a gross rental yield of 8.3%.
What is the property tax rate in 44312?
The effective property tax rate in 44312 is 1.5% — roughly $2,681 a year on a typical home.
Who lives in 44312?
ZIP code 44312 has a population of 30,280 and a median household income of $65,480.

#Comparable ZIPs

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

  • Norton, OH

    Typical home
    $182,321
    Gross yield
    8.2%
  • Windham, OH

    Typical home
    $188,193
    Gross yield
  • Cuyahoga Falls, OH

    Typical home
    $198,250
    Gross yield
    8.8%
  • Ravenna, OH

    Typical home
    $220,170
    Gross yield
  • Akron, OH

    Typical home
    $135,018
    Gross yield
    9.9%
  • OH

    Typical home
    $233,655
    Gross yield

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