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Summit County, OH

RANK #205 / 996  ·  POP 539,361  ·  OH

PROJECTED GROWTH: +2.0%

Summit County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Summit County?

Summit County, Ohio, is often recognized by locals for its extensive park system, including a significant portion of Cuyahoga Valley National Park, one of the most visited national parks in the U.S.. Located in Northeast Ohio, with Akron as its county seat, Summit County sits approximately 30-40 miles south of Cleveland, offering residents a commute to the larger city while maintaining a distinct community feel. Towns like Hudson provide historic charm, while Cuyahoga Falls offers urban energy with a hometown atmosphere along the Cuyahoga River. The county's natural scenery and outdoor recreation opportunities, such as hiking and biking trails, are a notable draw.

Life in Summit County balances suburban comfort with access to urban amenities. The area attracts families due to its school districts and community-focused living, with public transportation options like METRO RTA connecting various communities. The economy, historically known for its rubber industry, has diversified into advanced materials, biomedical research, and advanced manufacturing. Recent economic developments show investment flowing into technology sectors, including data centers, contributing to job growth and economic opportunity across the county.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+3.7%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Summit County U.S. National

The Numbers

DEMOGRAPHICS
Population
539,361
-0.22% YoY
Median Household Income
$68,360
Median Home Value
$182,500
+3.73% 12mo
Median Rent
$956
Average Annual Pay
$62,871
+3.5% YoY
Employment
261,045
-0.3% YoY
Income-to-Home-Value
0.3746
More affordable than average
Migration Inflow
3.37%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$210,000
Days on Market
40
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
27.3%
Listings w/ Price Drops
23.5%
Building Permits (2024)
1,082
Single-Family Permits
580

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$699M
TOTAL
PROJECT AMOUNT STATUS
Viking Data Centers (formerly Goodyear tire factory)
Viking Data Centers
$500M Operating
ark data centers Expansion (Akron and Independence)
ark data centers
$136M Under Construction
Summit County Public Safety Fiber and Communications Network (SCPSCFCN)
Summit County Government
$50M Under Construction
Akron Amazon Fulfillment Center
Amazon
$13M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth -0.2% 20 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.0% 56 percentile
Home Price Change +3.7% 80 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 12x 61 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Summit County, OH a good place to move to?

Summit County has a Boom Town Index score of 80/100, ranking #205 among 996 U.S. counties. With job growth at -0.3% and a median household income of $68,360, it's an above-average county on economic indicators.

Is Summit County affordable?

The median home value in Summit County is $182,500 with median rent at $956/month. The income-to-home-value ratio is 0.3746, which is more affordable than the national average.

Is Summit County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: -0.3%. Home values changed +3.7% in the past 12 months.

Are people moving to Summit County?

Yes — 3.37% of Summit County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Bergen County, NJ 90 Passaic County, NJ 90 Ashtabula County, OH 90 Lapeer County, MI 90 Cheshire County, NH 90 Buffalo County, NE 90 Nassau County, NY 90 Schenectady County, NY 90