Compare Current Akron, Ohio Mortgage Rates

Compare Akron, OH mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Akron.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Akron. Plus, shopping lenders is free and there is no obligation.

Akron, OH Mortgage Rates as of September 24, 2023
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Akron, OH Mortgage Rates

September 24, 2023

Current mortgage rates in Akron, OH are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Akron, OH Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Akron, Ohio?

Below we provide helpful information on the real estate market, home prices and housing affordability in Akron. Understand how much you need to earn to afford a home in Akron, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Akron fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Akron is right for you.

The median home value for Akron, OH (Summit County) is $197,839

Based on current mortgage rates and a 10% down payment, you need to make $41,272 per year to buy the median priced home in Akron

With this income, you could qualify for a $178,055 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Akron is $956

The median household income for Akron, OH (Summit County) is $64,038

Based on this income, you can afford a home valued at approximately $306,968

The home price you can afford to buy based on household income in Akron is 155% of the median home value which means housing prices are average. Akron (Summit County) ranks 65 out of 88 counties in Ohio and 1,744 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Akron, OH is average


Loan Limits for Akron, Ohio

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Akron (Summit County) below.

Conforming loan limits for Akron, OH

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Akron, OH

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Akron, OH

1 unit: $726,200

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