Akron, Ohio Short-Term Rental Market Overview

Population: 196,523
Annual Visitors: 400,000
Total STRs: 433
ADR: $154.15

Visitor Profile

Akron, Ohio draws a diverse array of visitors, with many short-term rental guests being families, outdoor enthusiasts, and culture seekers. Families are often enchanted by the city’s parks and family-friendly attractions, while outdoor lovers are attracted to the nearby Cuyahoga Valley National Park for hiking, biking, and scenic vistas. Culture and history aficionados are captivated by sites like the Stan Hywet Hall & Gardens, which offer immersive experiences in historic estate tours and lush gardens. Additionally, Akron’s vibrant arts scene and local festivals appeal to young professionals and creative travelers seeking authentic regional experiences. Understanding these avatars can help hosts tailor their offerings to meet guest expectations, emphasizing comfort, local culture, and access to Akron’s best experiences.

Top Attractions

Akron, Ohio, beckons visitors with a vibrant mix of cultural, historical, and outdoor attractions. The city boasts the renowned Akron Art Museum, which showcases modern and contemporary art, and Stan Hywet Hall & Garden, a historic estate offering stunning gardens and architecture. For families and nature lovers, the Akron Zoo is a popular destination featuring over 1,000 animals from around the globe. Additionally, the Cuyahoga Valley National Park, nearby, provides ample opportunities for outdoor recreation, hiking, and scenic views, making it a perfect spot for outdoor enthusiasts.

Beyond natural beauty, Akron offers a rich history and lively urban scene. Visitors can explore historic Brick sidewalks, vibrant downtown Lock 4 for picnics and nightlife, and immerse themselves in the city’s deep roots in innovation at the National Inventors Hall of Fame. Events, performances, and diverse dining options further enrich the experience, ensuring there is something for everyone. Whether interested in art, history, or outdoor adventures, Akron’s unique blend of attractions promises an engaging and memorable visit.

Regulations

In Akron, Ohio, short-term rental (STR) hosts operate within a regulatory framework established to ensure safety, zoning compliance, and fiscal responsibility. While the city has recognized the growing popularity of STRs, hosts should anticipate requirements such as obtaining proper permits, adhering to zoning restrictions, and meeting safety standards. Familiarity with these regulations is critical to maintaining lawful operation and protecting both hosts and guests. These rules collectively contribute to balancing neighborhood integrity with the advantages that STRs bring to the local economy and housing market.

Key Regulatory Considerations:

Licensing and Permits: Akron requires that STR hosts obtain a registration or permit to legally rent their properties on a short-term basis. This often involves submitting an application through the city’s relevant department (usually the Department of Planning or Housing). Renewal and associated fees may apply, with inspections to verify compliance with safety and zoning rules.

Primary Residence Requirements: The property typically must be the host’s primary residence to qualify as a short-term rental, ensuring STRs do not overly impact the local housing supply through whole-home rentals used exclusively for tourism.

Zoning and Location: STRs must comply with local zoning ordinances. Certain zones may restrict or prohibit STR operations, while others may have special conditions or limits on the number of rentals permitted. Hosts should verify zoning designations and restrictions with city zoning maps and regulations.

Occupancy, Health & Safety: There are usually clear occupancy limits to prevent overcrowding, aligned with safety standards. STRs are required to have functioning smoke detectors, carbon monoxide alarms, and fire extinguishers. Adherence to local health and safety codes is mandatory to protect both guests and neighboring residents.

Tax Obligations: Hosts must collect and remit applicable transient occupancy taxes or lodging taxes to the city’s finance department. Sales taxes and any other relevant levies must also be accounted for, ensuring compliance with local tax statutes.

Operational Standards & Enforcement: Rules may govern guest behavior, noise levels, advertising practices, and the display of permits. Non-compliance can lead to fines, permit revocation, or legal action.

For the most current and legally binding information, property owners should consult the City of Akron’s Official STR Regulations Page (example link provided – please verify with the city’s website) or contact Akron’s Department of Planning and Housing directly. This ensures hosts receive authoritative guidance tailored to any updates or changes in the local regulatory environment.

Akron, Ohio Market Performance Trends

LTM Avg. Daily Rate$144.00
LTM Occupancy Rate53.8%
LTM Avg. Revenue$1,682

Akron, Ohio Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:65.3% Booked
  • 4-6 Months:51.3% Booked
  • 7-9 Months:40.5% Booked
  • 10-12 Months:6.2% Booked

Cancellation Policies

  • Flexible:45.6%
  • Moderate:29.5%
  • Strict:21.8%
  • Super Strict:21.8%
  • N/A:2%

Minimum Stay

  • 1 Day:138
  • 2 Days:126
  • 3 Days:38
  • 4-6 Days:22
  • 7-29 Days:19
  • 30+ Days:25

Akron, Ohio Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.75 / 5
  • Cleanliness:4.78 / 5
  • Location:4.68 / 5
  • Value:4.79 / 5
  • Accuracy:4.82 / 5
  • Check-in:4.91 / 5
  • Communication:4.92 / 5

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