Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 6,613 people, 2,271 houses or apartments, and a median cost of homes of $130,128, house prices in Youngtown are solidly below the national average.
Single-family detached homes are the single most common housing type in Youngtown, accounting for 76.71% of the town's housing units. Other types of housing that are prevalent in Youngtown include large apartment complexes or high rise apartments ( 14.37%), duplexes, homes converted to apartments or other small apartment buildings ( 6.37%), and a few row houses and other attached homes ( 2.24%).
People in Youngtown primarily live in small (one, two or no bedroom) single-family detached homes. Youngtown has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Youngtown's housing was primarily built during this period, from the '40s through the '60s. A full 42.33% of the town's housing hails from this era. Other housing ages represented in Youngtown include homes built between 1970-1999 ( 29.63%) and housing constructed between 2000 and later ( 26.96%). There's also some housing in Youngtown built before 1939 ( 1.08%).
Vacant housing appears to be an issue in Youngtown. Fully 12.28% of the housing stock is classified as vacant. Left unchecked, vacant Youngtown homes and apartments can be a drag on the real estate market, holding Youngtown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Youngtown over the last then years, as home values have seen a decline of 25.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Youngtown home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.
Appreciation rates are so strong in Youngtown that despite a nationwide downturn in the housing market, Youngtown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Youngtown appreciation rates continue to be some of the highest in America, at 19.38%, which is higher than appreciation rates in 99.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Youngtown. Youngtown appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.
Importantly, this makes Youngtown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Arizona, our data show that Youngtown's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.
|$1,253,001 - $1,670,000||0.0|
|$835,001 - $1,253,000||0.0|
|$668,001 - $835,000||1.1|
|$501,001 - $668,000||3.2|
|$334,001 - $501,000||3.4|
|$167,001 - $334,000||44.1|
|$83,001 - $167,000||37.6|
|$0 - $83,000||10.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Youngtown HOMES|
|2000 or Newer||27.0|
|1970 - 1999||29.6|
|1940 - 1969||42.3|
|1939 or Older||1.1|
|TYPE OF Youngtown HOMES|
|Small Apt. Buildings||6.4|
|SIZE OF Youngtown HOMES|
|5 or more bedrooms||1.54|