Introduction
Akron short-term rentals are gaining traction as a lucrative opportunity for investors, especially given the city’s rich cultural scene and local attractions like the Akron Art Museum and the Goodyear Theater. The increasing demand for flexible lodging in urban settings positions Akron as a promising market for vacation rentals.
Quick Takeaways
- Total Active Listings: 350 listings
- Average Daily Rate (ADR): $144
- Occupancy Rate: 52%
- Average Monthly Revenue: $1,607
- Cancellation Flexibility: 45.6% of listings offer flexible policies
- Strategy Tips: Focus on seasonal pricing and marketing to maximize occupancy
The short-term rental market in Akron, Ohio, demonstrated steady performance in April 2025, offering promising opportunities for investors. Over the last twelve months, the average daily rate (ADR) reached $144, reflecting stable pricing power in the local market. The occupancy rate stood at approximately 52%, indicating a balanced demand throughout the year. Combined, these factors contributed to a solid average monthly revenue of $1,607 for rental properties. This overview provides key insights into Akron’s rental dynamics, setting the stage for a deeper analysis of trends and investment potential in this growing market.
Understanding Seasonal Demand
Akron’s short-term rental market exhibits clear seasonal demand, with Q1 leading in bookings and Q4 lagging significantly. The strong Q1 booking pace indicates heightened guest activity during early months, likely driven by local events or favorable travel conditions. Q2 sees a marked slowdown, while Q3’s decline reflects offseason challenges. The combination of Q4’s low booking numbers and high availability points to a period of reduced traveler interest. For investors, these patterns emphasize the importance of strategic pricing and marketing to optimize occupancy during peak seasons and mitigate off-peak volatility, ensuring sustained revenue across the year.
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Abilene hosts predominantly favor flexible (45.6%) and moderate (29.5%) cancellation policies, signaling a market catering to spontaneous travelers and short-term stays. Most listings require just 1-2 night minimums, aligning with this flexibility. This approach reflects a guest base valuing ease of booking and quick turnarounds, likely driven by local seasonality and transient demand. Savvy investors should capitalize by emphasizing flexible terms and targeting weekend or business travelers seeking brief, hassle-free stays.
Conclusion
In summary, the Akron short-term rental market presents a wealth of opportunities for savvy investors looking to capitalise on local tourism trends. With a blend of favorable short-term rental dynamics and strategic seasonal planning, investors can navigate the landscape effectively. For ongoing insights and updates on the STR market, be sure to subscribe to our newsletter for monthly tips and trends.
