Housing market/Ohio/ZIP 44240
ZIP 44240 Kent, Ohio
Akron, OH MSA · Ohio. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 44240 · OH — sent to you.
ZIP 44240 · OH
ACS rent vs 2BR SAFMR
ZIP 44240 — Kent, OH HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 44240
- 1-unit detached9,70048.1%
- 1-unit attached1,4717.3%
- 2–4 units1,8759.3%
- 5–49 units4,53122.5%
- 50+ units2,38411.8%
- Mobile2171.1%
2–4 unit share 9.3% · 5–49 unit share 22.4% · combined 2–49 31.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $989 (all bedrooms, occupied rentals).
- Median contract rent $874.
- Renters paying ≥30% of income 61.4%; ≥50% 32.7%.
- FY2027 2BR SAFMR $1,260 (1.274× ACS median gross rent).
Population
37,889 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -4.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 526 units.
- HUD project-based assisted MF: 9 properties, 484 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 54 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 44240 48.1% of occupied households are renters; vacancy is 17.1%; ACS median gross rent is $989; population changed -4.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,875 units in 2–4-unit structures and 4,531 units in 5–49-unit structures; 4 LIHTC projects totaling 526 units; FY2027 2BR SAFMR is $1,260 versus ACS median gross rent of $989. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Ohio research
ZIP 44240 is a Census / HUD profile for Akron, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 44240 — Kent, OH HUD Section 8 Payment Standards / SAFMR·Ohio ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Ohio research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 44240?
ZIP 44240 (Akron, OH MSA) has 37,889 residents, 16,773 households, a renter share of 48.1%, median household income of $57,415, and ACS 2023 median gross rent of $989. Vacancy is 17.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 44240?
ACS counts 993 units in 2-unit buildings, 882 in 3–4 unit buildings, 2,037 in 5–9, 2,030 in 10–19, and 464 in 20–49. Combined 2–49 unit stock is 6,406 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 44240?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,260. See the full schedule and 90–110% payment-standard band on the ZIP 44240 — Kent, OH HUD Section 8 Payment Standards / SAFMR.
Does this Ohio ZIP profile include Georgia listings?
No. ZIP 44240 is Census / HUD research for Akron, OH MSA. Jeff Crowe CRE does not list Ohio property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.