Rents soaring a lot quicker in Akron than most Ohio cities

Tony Sullivan talks outside his apartment in the Timber Top complex in Akron on Jan. 31. Sullivan's rent has gone up from $485 to $600 in the five to six years he's lived there.

Renting inexpensive housing in Akron is not low-cost.

The town has a disproportionate share of homes created all-around Earth War I and Environment War II. And they are concentrated in neighborhoods with severe “rent burdens” — census tracts the place rent consumes 35% or more of a tenant’s money.

These more mature households are far more expensive for each unit to maintenance, enhance or preserve than greater condominium complexes. Town directors suspect the units eat into landlords’ revenue margins, discourage financial commitment or drive renters to make difficult budgetary decisions.

According to a Beacon Journal evaluation of tract-amount census details, rents eat 40% to 50% of incomes in practically all of the central neighborhoods, like downtown. Renters ship considerably less of their wages to their landlords the farther they dwell from the town center, however some pockets in Goodyear Heights, North Hill and about Romig Street in Kenmore come near to hire ingesting up 40% of house incomes.