Akron, Ohio is about 30 miles south of Cleveland City and is the fifth-largest city in the U.S. state of Ohio, it has a population of over 700,000.
As property investment surges in Cleveland investors are now looking slightly further a field to try and get more value for their dollars.
Akron has not always been on the investors radar but now it is seen as a hidden gem in the Great Lakes region of Cleveland.
Akron is a city undergoing expansion, tire companies, real estate developers and government agencies have announced more than $1 billion in investments in Akron.
Akron is home to many large corporations who are centred around high-tech research and development, which include WGC-Bridgestone Invitational, Stan Hywet Hall and Gardens, Akron City Hospital and the Goodyear Polymer Center.
There is a city-wide plan to spur residential growth which was developed after analyzing Akron housing and researching programs in Cleveland, Columbus and Pittsburgh.
NBA star LeBron James and his foundation have opened a new school in his hometown of Akron and Mayor Dan Horrigan released the City’s plan for spending “Issue 4” funds in 2018. The budget outlines a plan for more than $13 Million in increased investment in police and fire protection and roadway improvements in Akron.
Akron is less expensive than Cleveland making it a very desirable option for investors who want to enter the US housing market at a low entry level