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Summit County, OH

Akron

RANK #239 / 996 NAT  ·  #26 / 49 OH  ·  POP 539,361

1YR FORECAST: +2.2%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Summit County at +2.2% over the next year.

[01] Why Summit County?

Summit County, Ohio, is often recognized by locals for its extensive park system, including a significant portion of Cuyahoga Valley National Park, one of the most visited national parks in the U.S.. Located in Northeast Ohio, with Akron as its county seat, Summit County sits approximately 30-40 miles south of Cleveland, offering residents a commute to the larger city while maintaining a distinct community feel. Towns like Hudson provide historic charm, while Cuyahoga Falls offers urban energy with a hometown atmosphere along the Cuyahoga River. The county's natural scenery and outdoor recreation opportunities, such as hiking and biking trails, are a notable draw.

Life in Summit County balances suburban comfort with access to urban amenities. The area attracts families due to its school districts and community-focused living, with public transportation options like METRO RTA connecting various communities. The economy, historically known for its rubber industry, has diversified into advanced materials, biomedical research, and advanced manufacturing. Recent economic developments show investment flowing into technology sectors, including data centers, contributing to job growth and economic opportunity across the county.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+3.7%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Cleveland Clinic Healthcare
    50,000+
  2. 2
    Akron Children's Hospital Healthcare
    2,500+
  3. 3
    Summa Health Healthcare
  4. 4
    GOJO Industries Manufacturing
  5. 5
    FirstEnergy Energy
  6. 6
    Goodyear Tire & Rubber Company Manufacturing
    1,000+
  7. 7
    Summit County Government Government
  8. 8
    University of Akron Education
  9. 9
    Signet Jewelers Retail
  10. 10
    Akron Public Schools Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Summit County U.S. National

The Numbers

DEMOGRAPHICS
Population
539,361
-0.22% YoY
Median Household Income
$68,360
Median Home Value
$182,500
+3.73% 12mo
Median Rent
$956
Average Annual Pay
$62,871
+3.5% YoY
Employment
261,045
-0.3% YoY
Income-to-Home-Value
0.3746
More affordable than average
Migration Inflow
3.37%
of pop. from another state
Bachelor's Degree+
34.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$210,000
Days on Market
40
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
27.3%
Listings w/ Price Drops
23.5%
Building Permits (2024)
1,082
Single-Family Permits
580

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.9
per 100K · nat avg 6.3
Firearm Fatalities
16.4
per 100K · nat avg 14.8
Injury Deaths
95.9
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.7
Good
Good Air Days
62%
663 of 1,066 days
Unhealthy+ Days (3yr)
14
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
45
2022
43
2023
46
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$699M
TOTAL
PROJECT AMOUNT STATUS
Viking Data Centers (formerly Goodyear tire factory)
Viking Data Centers
$500M Operating
ark data centers Expansion (Akron and Independence)
ark data centers
$136M Under Construction
Summit County Public Safety Fiber and Communications Network (SCPSCFCN)
Summit County Government
$50M Under Construction
Akron Amazon Fulfillment Center
Amazon
$13M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth -0.2% 20 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.0% 56 percentile
Home Price Change +3.7% 80 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 12x 61 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Summit County, OH a good place to move to?

With a Boom Town Index score of 76/100, Summit County sits in the upper half of all 996 ranked counties. and median household income stands at $68,360 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in OH.

Is Summit County affordable?

By national standards, Summit County is quite affordable. Homes here have a median value of $182,500, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $956/month. Residents can generally buy a home without being cost-burdened.

Is Summit County growing or shrinking?

Population and employment in Summit County are both close to flat — population -0.2% YoY and jobs -0.3%. Home values shifted +3.7% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Summit County?

There's a moderate stream of newcomers. About 3.37% of residents moved from another state, which is above average and suggests Summit County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Jefferson County, OH 76 Miami County, OH 76 Erie County, OH 77 Portage County, OH 77 Geauga County, OH 78 Medina County, OH 74 Ingham County, MI 77 Kane County, IL 78