Youngstown (Boardman), OH

Population: 65,173
Average annual home appreciation rate: -7.79%
Total of homes for sale in this market: 793
Median home price: $46,186
Median Rent: $610 per room
Home price range: 54.07% of homes are between $0 – $50,000
Median sales price: $27,000
Number of homes: 442
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 77.34% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 20.25%
Number of renters: 46.51%
Number of owner occupied: 53.49%
Number people living below poverty level: 36.37%
Unemployment rate: 6.20%
Is this area perfect for real estate deals going on right now? No doubt that the Youngstown area is depressed. History has shown that investors that buy into a market such as this one have really come out on top when the market returns. Many would call Youngstown the “perfect storm” due to it LOW home prices, higher than average rent, VERY high poverty/unemployment rate, cash discounts on troubled homes, and multiple vacant properties available on the market. Buy and hold investors could really benefit from these phenomena.

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