Is Akron, Ohio Good for Airbnb Investment?

Potentially—Akron, Ohio combines visitor demand with long-term real estate upside.

• Presents a nuanced opportunity with both potential and challenges.
• Current market conditions in Akron show a generally stable but growing real estate market, with more affordable property values compared to larger metropolitan areas.
• Tourism trends in Akron are driven by its historical sites, cultural institutions like the Akron Art Museum and Stan Hywet Hall & Gardens, and proximity to Cuyahoga Valley National Park.
• While not a primary tourism destination like major cities, these attractions, along with local events and collegiate activities, contribute to consistent demand for short-term rentals.
• The investment potential largely depends on careful property selection in desirable neighborhoods and a thorough understanding of local regulations.

$800–$2,200 per month based on location, season, and property quality.

• Based on available market data and rental analytics, Airbnb hosts in Akron, Ohio typically earn between $800 to $2,200 per month.
• Seasonal variations show peak earnings during summer months when university activities and local events drive demand up by approximately 25-30%.
• Properties near the University of Akron command premium rates of $65-85 per night compared to suburban listings at $45-65 per night.
• Key factors affecting earnings include property size and amenities, with entire homes outperforming private rooms by roughly 40%, while hosts offering amenities like parking, WiFi.
• The city's relatively low cost of living allows for competitive pricing while maintaining healthy profit margins.

Potentially strong—typical annual ROI is 8–12%.

• Typically generate ROI between 8-12% annually, with higher-end properties in downtown areas and near the University of Akron achieving returns closer to 15-18%.
• The average payback period ranges from 6-8 years, depending on initial investment and property management efficiency.
• Properties averaging $75-120 per night with 60-70% occupancy rates generally outperform traditional long-term rentals by 2-4 percentage points.
• The market benefits from steady demand from business travelers, university visitors, and medical tourism due to Akron's healthcare facilities.
• Properties requiring minimal renovation in established neighborhoods like Highland Square or downtown typically see faster returns.

Akron, Ohio averages 45–55% annual occupancy, with seasonal variation.

• Airbnb occupancy rates in Akron, Ohio typically average around 45-55% annually, with significant seasonal variation showing peak occupancy of 65-75% during summer months (June through August) when tourism increases and university activities are at their highest, while winter months (December through February) see occupancy drop to 35-45% due to harsh weather conditions and reduced travel demand.
• Spring and fall maintain moderate occupancy rates of approximately 50-60%, with slight upticks during graduation seasons and fall foliage periods.
• Akron's occupancy rates generally underperform both Ohio's state average of approximately 60-65% and the national Airbnb average of 65-70%, primarily due to its industrial character.

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

• The best Airbnb investment neighborhoods in Akron include Highland Square, known for its vibrant arts scene, walkable streets.
• Downtown Akron offers strong investment potential with its revitalized urban core, proximity to major employers, sports venues, and cultural attractions.
• The Wallhaven area provides excellent value with its historic charm, tree-lined streets, and proximity to Stan Hywet Hall & Gardens.
• Firestone Park appeals to budget-conscious travelers and families visiting the area's industrial heritage sites and parks.
• Goodyear Heights offers a residential feel with easy highway access, making it attractive to visitors attending events at the University of Akron or exploring the Cuyahoga Valley National Park.
• North Hill provides cultural diversity and affordability, attracting visitors interested in authentic local experiences and international cuisine.
• West Akron rounds out the list with its proximity to Akron-Canton Airport and major highways, making it ideal for business travelers and those using Akron as a base for exploring Northeast Ohio.

Yes, but only where zoning permits short-term rentals and every required license is current.

• Akron, Ohio requires short-term rental operators to obtain a business license and register their properties with the city.
• Occupancy limits are generally restricted to two guests per bedroom plus two additional guests, with a maximum of 12 occupants total, while parking must accommodate one space per two guests.
• The city does not mandate owner-occupancy for short-term rentals, allowing both hosted and non-hosted properties.
• Registration involves submitting property details, emergency contact information, and proof of liability insurance.
• Recent changes have included stricter noise ordinances with potential fines up to $500, enhanced inspection requirements for properties with multiple violations.

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

• Short-term rentals in Akron, Ohio are subject to several fees and taxes including Ohio's state lodging tax of 5.75%, Summit County's lodging tax of 3%, and Akron's local lodging tax of 3%.
• Property owners must obtain a business license from the City of Akron costing approximately $25-50 annually, register for Ohio sales tax collection.
• The state requires collection and remittance of sales tax at 5.75% on short-term rental income, while Summit County imposes an additional 2.25% sales tax.
• Property owners must also pay standard property taxes which average 1.5-2% of assessed value annually in Akron.
• Registration with the Ohio Department of Commerce for tax collection purposes is required but typically free, though failure to comply can result in penalties starting at $50 per violation.