The story of this market
The typical home in ZIP 44240 sells for about $260,000, or $145 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,025 a month.
ZIP 44240 — Kent
The 44240 housing market is characterized by stable pricing and high rental demand driven by the university. While median home prices have seen modest growth, the high vacancy rate and significant renter population reflect the transient nature of the local student-heavy economy.
This ZIP is well-suited for university-affiliated individuals, investors targeting student housing, and families seeking an affordable, community-oriented environment.
Median prices moved up 4.2% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.6% · poverty 21.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 44240
Crime rates in Kent are generally consistent with regional averages for college-town environments, with property crime being the primary concern.
The area is served by Kent City School District, which maintains a solid reputation for academic performance and extracurricular offerings.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional flooding in low-lying areas near the Cuyahoga River.
Economic momentum is heavily anchored by Kent State University, which serves as the primary driver for local employment, research, and infrastructure development.
Property taxes are assessed at the county level by Portage County, with rates reflecting local school district levies and municipal requirements.
Residents typically face a 22-minute average commute, with easy access to major regional highways connecting to the Akron and Cleveland employment hubs.
The area features extensive green space, including the Cuyahoga River corridor, local parks, and proximity to the Cuyahoga Valley National Park.
The rental market is heavily influenced by the university student population, resulting in high vacancy rates during summer months and consistent demand during the academic year.
The economy is dominated by the education and healthcare sectors, with Kent State University being the largest employer.
The area is served by local bus transit and is well-connected to the regional highway network via SR-43 and SR-59.
Ongoing urban renewal projects in downtown Kent continue to focus on mixed-use development and pedestrian-friendly infrastructure.
Portage County Auditor manages property assessments, typically conducting triennial updates and sexennial reappraisals.
Parcels are subject to Kent City School District levies and various municipal utility assessments.
Standard property insurance market with typical coverage for wind and storm damage common to Northeast Ohio.
Data retrieved from Census Reporter and data.census.gov.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Fun 'n' Stuff4.414.3 mi
- Urban Air Trampoline and Adventure Park4.315.6 mi
- Sky Zone Trampoline Park4.410.5 mi
- Dave & Buster's Canton4.219 mi
- K1 Speed Canton4.716.3 mi
- Blossom Music Center4.411.8 mi
- Gervasi Vineyard Resort & Spa4.618.6 mi
- Stan Hywet Hall & Gardens4.810.3 mi
- Akron Civic Theatre4.79.4 mi
- Hartville Kitchen Restaurant & Bakery4.610.7 mi
- Akron Zoo4.510.5 mi
- Szalay's Farm & Market4.712.6 mi
- Akron Civic Theatre4.79.4 mi
- Cinemark Cuyahoga Falls and XD4.58.3 mi
- West Branch State Park4.611 mi
- Stan Hywet Hall & Gardens4.810.3 mi
- Hale Farm & Village4.613.5 mi
- Akron Art Museum4.69 mi
- MAPS Air Museum4.815.4 mi
- Akron Children's Museum4.59.5 mi
- Ledges Trailhead4.910.7 mi
- West Branch State Park4.611 mi
- Gorge Metro Park4.77.4 mi
- Wingfoot Lake State Park4.77.4 mi
- F.A. Seiberling Nature Realm4.911.7 mi
- West Branch Marina4.513.4 mi
- Stark County Park District-Walborn Reservoir4.713.6 mi
- The Boathouse on Mogadore Reservoir4.74.6 mi
- Burning River Adventures4.85.7 mi
- Les's Bait & Marina4.819.1 mi
- Firestone Country Club4.811.6 mi
- Boulder Creek Golf Club4.29 mi
- Windmill Lakes Golf Club4.67.4 mi
- Fox Den Golf Course4.25.2 mi
- Ellsworth Meadows Golf Club4.58.6 mi
- Aurora Farms Premium Outlets4.312.1 mi
- Hartville MarketPlace & Flea Market4.510.4 mi
- Szalay's Farm & Market4.712.6 mi
- Meijer4.53.6 mi
- Meijer4.52.4 mi
- Akron-Canton Airport4.615.4 mi
- Southwest General Medical Center430.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and cultural hub.
Provides recreational trails and scenic views.
Revitalized district with diverse retail and dining options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).