Youngstown, OH Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Youngstown, OH Housing Market Trends

With a population of 65,469, 27,883 total housing units (homes and apartments), and a median house value of $43,388, 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 78.41% of the city's housing units. Other types of housing that are prevalent in Youngstown include large apartment complexes or high rise apartments ( 11.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.62%), and a few row houses and other attached homes ( 1.45%).

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 51.33% owning and 48.67% 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 48.04% of the city's housing hails from this era. Other housing ages represented in Youngstown include homes built before 1939 ( 37.21%) and housing constructed between 1970-1999 ( 12.14%). There's also some housing in Youngstown built between 2000 and later ( 2.62%).

Vacant housing appears to be an issue in Youngstown. Fully 17.59% 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 2.00%, which is lower than 70% of US communities.

Appreciation rates are so strong in Youngstown that despite a nationwide downturn in the housing market, Youngstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Youngstown appreciation rates continue to be some of the highest in America, at 13.48%, which is higher than appreciation rates in 98.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Youngstown. Youngstown appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.55%.

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 90% 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:
$43,388

Youngstown, OH HOME PRICES

> $1,162,000
0.2%
0.2%
$871,001 - $1,162,000
0.1%
0.1%
$581,001 - $871,000
0.1%
0.1%
$465,001 - $581,000
0.0%
0.0%
$349,001 - $465,000
0.4%
0.4%
$232,001 - $349,000
0.7%
0.7%
$116,001 - $232,000
6.4%
6.4%
$58,001 - $116,000
27.4%
27.4%
$0 - $58,000
64.7%
64.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
27,883

Youngstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
11.34% 0.51%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Owners
51.3%
51.3%
Renters
48.7%
48.7%
Vacant
17.6%
17.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.6%
2.6%
1970 - 1999
12.1%
12.1%
1940 - 1969
48.0%
48.0%
1939 or Older
37.2%
37.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.4%
78.4%
Townhomes
1.4%
1.4%
Small Apt. Buildings
8.6%
8.6%
Apt. Complexes
11.4%
11.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
8.0%
8.0%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
46.8%
46.8%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES