Youngstown OH

Population: 66,567
Average annual home appreciation rate: -0.80%
Total of homes for sale in this market: 693
Median home price: $83,000
Median Rent: $418
Home price range: 38.80% of homes are between $46,001 – $93,000
Median sales price: $71,768
Number of homes: 1,135
Median foreclosure sales price: Gathering Data
Foreclosure discount: Gathering Data
Most common home type: 77.77% of homes are Single Family Detached
Number of vacant homes: 20.11%
Number of renters: 39.11%
Number of owner occupied: 60.89%
Number people living below poverty level: 35.55%
Unemployment rate: 8.1%
Is this area perfect for real estate deals going on right now? Statistics are showing that Youngstown is in a ‘down’ market to say the least. It’s important to know that many successful investors invested in down markets just like Youngstown, and waiting for the market to make a promised return. Here are some things that many investors look at when investing in certain markets… 1. Lower overall home prices 2. MULTIPLE foreclosures…(more than total homes for sale) This could lead to some amazing discounts 3. Multiple vacant properties to deal with (Usually owned by motivated sellers) 4. Higher rental rates This down market very well could be a great place to start…waiting for the long promised return of the market in the Youngstown area.

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