Akron, OH - House Price Index (HPI)
Akron Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Akron, OH single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
10
Akron Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  965.56
1st Quarter, 2018 Housing Statistics: Akron, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Akron housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Akron is 88%. In other words, when tested against historical data,
the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Akron is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Akron housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Akron is 83%. In other words, when tested against historical data, the
forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Akron is 83% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Akron, Ohio


Historical Home Price Appreciation
Last Quarter                                     -0.70%
Last Year . . . . . . . . . . . . . . . . . . . .  4.4%
Last 5 Years                                     18%
Last 10 Years . . . . . . . . . . . . . . . . . 3%
Last 20 Years                                   29%
Decline From All Time High               0.70%


Annual Home Price Appreciation Rates
1988      5.66%
1989      6.99%
1990      4.93%
1991      5.26%
1992      6.14%
1993      5.81%
1994      3.31%
1995      6.26%
1996      5.10%
1997      4.80%
1998      5.18%
1999      2.28%
2000      4.29%
2001      5.42%
2002      2.58%
2003      2.51%
2004      3.05%
2005      3.04%
2006      -0.51%
2007      -2.94%
2008      -3.70%
2009      -2.31%
2010      -1.32%
2011      -4.37%
2012      -1.31%
2013      1.50%
2014      3.74%
2015      4.53%
2016      1.47%
2017      6.39%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.70%        Rank: 321 of 381 (15th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.4%           Rank: 260 of 381 (31st Percentile)
Last 5 Years                              18%            Rank: 218 of 381 (42nd Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 253 of 381 (33rd Percentile)
Last 20 Years                            29%            Rank: 365 of 379 (3rd Percentile)
Decline From All Time High        0.70%

The change in home prices for Akron, OH are shown above for five time
periods. For example: Akron appreciated -0.70% in the Last Quarter. At that
rate, the Akron Real Estate Market was ranked 321st out of 381 metropolitan
Real Estate Markets. Akron was in the 15th percentile. So Akron, OH performed
better in the Last Quarter than 15% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Akron, Ohio

The all time high in the Akron Home Price Index was 153.2 in the 4th Quarter, of
2017. The 1st Quarter, 2018 index value was 152.2. That's a decline of 1.08
points or 0.70% below the Akron Home Price Index all time high.  The Home
Price Index indicates that the Akron Market is up 3% over the last 10 years.
Home prices in the Akron Real Estate Market have gained 4.42% over the last
12 months. Over the last thirty years, it is up 118%.

The 1st Quarter index value was 1.08 points lower than the 4th Quarter, 2017
index value of 153.23, resulting in a 0.70% decline for the 1st Quarter in the
Akron Market.

The Akron Home Price Index declined in the last quarter after increasing in the
previous 4 quarters. The current record holders for consecutive declines in the
Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Akron Real Estate
Market was 19% in the twelve months ended with the 4th Quarter of 1978. The
worst annual change in home values  in the Akron Market was -6% in the twelve
months ended with the 1st Quarter of 2010.

The highest growth in home values in the Akron Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
1990. The worst performance over a three year period in the Akron Market was
-12% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Akron Home Price Index (above).
For information about Ohio home values, click Real Estate Market Forecasts in
the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Akron Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Akron Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Akron Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Akron, Ohio

The trend of Akron Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Akron Home Prices had a rank of 321, with
appreciation of -0.70%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Akron Home Prices had a rank of 260, with
appreciation during the year of 4.42%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Akron Home Prices
ranked 218, with a total appreciation of 18.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Akron Home Prices had
a rank of 253, with appreciation during the decade of 3%. The top performing
market during the period was Denver, CO, with a rise of 69%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Akron Home Prices had
a rank of 365, with total growth over the 20 year period of 29%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Akron Real Estate
Market is available back to the 1st Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Akron. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Thursday, June 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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