Youngstown, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Youngstown, OH Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Youngstown Housing Market Information

With a population of 64,628, 26,731 total housing units (homes and apartments), and a median house value of $36,885, house prices in Youngstown are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Youngstown, accounting for 78.26% of the city's housing units. Other types of housing that are prevalent in Youngstown include large apartment complexes or high rise apartments ( 10.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.29%), and a few row houses and other attached homes ( 1.22%).

The most prevalent building size and type in Youngstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.39% owning and 48.61% renting.

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 46.43% of the city's housing hails from this era. Other housing ages represented in Youngstown include homes built before 1939 ( 40.76%) and housing constructed between 1970-1999 ( 10.12%). There's also some housing in Youngstown built between 2000 and later ( 2.69%).

Vacant housing appears to be an issue in Youngstown. Fully 20.17% of the housing stock is classified as vacant. Left unchecked, vacant Youngstown homes and apartments can be a drag on the real estate market, holding Youngstown 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.

Youngstown Home Appreciation Rates

Youngstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Youngstown during the period has been just -1.82%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Youngstown's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Youngstown's appreciation rate has been 2.15%, which annualizes to a rate of 8.89%.

Importantly, this makes Youngstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Youngstown's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Youngstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Youngstown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Youngstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$36,885

Youngstown, OH HOME PRICES

Value Range
> $1,031,000 0.3
$774,001 - $1,031,000 0.1
$516,001 - $774,000 0.1
$412,001 - $516,000 0.1
$309,001 - $412,000 0.1
$206,001 - $309,000 0.9
$103,001 - $206,000 6.3
$52,001 - $103,000 27.7
$0 - $52,000 64.5

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
99.9062463377476 100.0

Number Of Homes And Apartments:
26,731

Youngstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
-9.82% -0.60% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$790 / per month

Homeownership Rate

Homeownership
Owners 51.39
Renters 48.61
Vacant 20.17

Housing Market Details

 

Age of Homes

AGE OF Youngstown HOMES
2000 or Newer 2.7
1970 - 1999 10.1
1940 - 1969 46.4
1939 or Older 40.8

Types of Homes

TYPE OF Youngstown HOMES
Single-Family 78.3
Townhomes 1.2
Small Apt. Buildings 9.3
Apt. Complexes 10.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Youngstown HOMES
No Bedroom 2.25
1 Bedroom 8.96
2 Bedrooms 26.48
3 Bedrooms 46.31
4 Bedrooms 13.26
5 or more bedrooms 2.74