Youngstown, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Youngstown, NY Real Estate Data


Youngstown Housing Market Information

With 1,921 people, 807 houses or apartments, and a median cost of homes of $175,039, Youngstown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Youngstown, accounting for 77.23% of the village's housing units. Other types of housing that are prevalent in Youngstown include duplexes, homes converted to apartments or other small apartment buildings ( 10.97%), large apartment complexes or high rise apartments ( 9.89%), and a few row houses and other attached homes ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Youngstown. Owner-occupied housing accounts for 80.50% of Youngstown's homes, and 61.26% have either three or four bedrooms, which is average sized relative to America.

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. Youngstown's housing was primarily built during this period, from the '40s through the '60s. A full 50.66% of the village's housing hails from this era. Other housing ages represented in Youngstown include homes built before 1939 ( 26.94%) and housing constructed between 1970-1999 ( 19.79%). There's also some housing in Youngstown built between 2000 and later ( 2.62%).

Youngstown Home Appreciation Rates

Appreciation rates for homes in Youngstown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.69%, which ranks in the top 50% nationwide. This equates to an annual average Youngstown house appreciation rate of 0.46%.

Over the last year, Youngstown appreciation rates have trailed the rest of the nation. In the last twelve months, Youngstown's appreciation rate has been -0.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Youngstown were at 2.02%, which equates to an annual appreciation rate of 8.33%.

Relative to New York, our data show that Youngstown's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$175,039

Youngstown, NY HOME PRICES

Value Range
> $1,072,000 2.1
$803,001 - $1,072,000 0.0
$536,001 - $803,000 3.6
$429,001 - $536,000 6.5
$322,001 - $429,000 5.2
$214,001 - $322,000 13.6
$107,001 - $214,000 47.8
$53,001 - $107,000 16.7
$0 - $53,000 4.5

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
41.0025180066756 50.5050505050505

Number Of Homes And Apartments:
807

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 80.50
Renters 19.50
Vacant 3.81

Housing Market Details

 

Age of Homes

AGE OF Youngstown HOMES
2000 or Newer 2.6
1970 - 1999 19.8
1940 - 1969 50.7
1939 or Older 26.9

Types of Homes

TYPE OF Youngstown HOMES
Single-Family 77.2
Townhomes 1.9
Small Apt. Buildings 11.0
Apt. Complexes 9.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Youngstown HOMES
No Bedroom 1.43
1 Bedroom 5.36
2 Bedrooms 26.82
3 Bedrooms 45.89
4 Bedrooms 15.38
5 or more bedrooms 5.13

Youngstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.39% 2.14% 3 5
* 10 is highest

Popular Neighborhoods in Youngstown

Zip Codes in Youngstown, NY