Youngstown, OH Housing Market

Market Overview

Youngstown’s PropertyIQ Score of 82/100 positions it as a strong market within this scoring framework. The score is driven largely by housing momentum and market pace: 12-month home value momentum is 9.79%, 3-month home value momentum is 1.77%, median days on market is 46 days, and 24.1% of listings have had a price cut. The median home value is $177,110, which is well below the state average of $248,803, giving Youngstown a lower price point than much of the state.

Compared with state benchmarks, the broader economic picture is more mixed. The local unemployment rate is 4.6%, above the state average of 3.4%. Median household income is $56,713, also below the state average of $71,389. The rent index is $1,026, only slightly below the state average of $1,034. With 947 homes for sale, the market has a measurable level of inventory. The year-over-year median home value change is -$4, essentially flat. Population growth data is not available in the provided metrics.

Overall, Youngstown’s high PropertyIQ Score appears to reflect solid housing momentum and faster market movement rather than broad economic outperformance. Home values and rents are lower than state averages, and local incomes are also lower. The market looks strong on housing-specific dynamics such as price momentum and days on market, but moderate when measured against state-level income and employment benchmarks.

Key Trends

One trend is the split between price momentum and the annual median home value. The 12-month home value momentum of 9.79% and 3-month momentum of 1.77% are top score drivers, yet the year-over-year median home value change is -$4, which is basically flat. The data point to recent momentum even as the annual median value has not moved much.

A second trend is affordability. The median home value of $177,110 is roughly 29% below the state average of $248,803. Median household income is $56,713, about 21% below the state average of $71,389. A simple comparison of the provided figures puts the local home value at about 3.1 times median household income, while the state ratio is about 3.5 times. That suggests housing is somewhat more affordable relative to local incomes than the state average, though incomes remain modest.

A third trend is market pace and pricing behavior. Median days on market is 46 days, which supports the strong score. At the same time, 24.1% of listings have had a price cut, meaning nearly one in four sellers has adjusted the asking price. With 947 homes for sale, the market appears active but not severely supply-constrained, and buyers may have some room to negotiate.

A fourth trend is the rental market. The rent index of $1,026 is nearly identical to the state average of $1,034, even though local home values are substantially lower. That combination can point to relatively stronger rental income compared with purchase price, which is relevant for investors evaluating cash flow.

Who Is This Market For

Youngstown is likely suited to first-time buyers and value-conscious owner-occupants. The median home value of $177,110 is far below the state average, and the local price-to-income ratio is lower than the state ratio. However, with median household income at $56,713 and unemployment at 4.6%, affordability is relative to local wages. Days on market of 46 and a price cut share of 24.1% suggest that buyers may have some negotiation power, though the market is moving at a steady pace.

The market may also appeal to investors seeking rental income. The rent index of $1,026 is close to the state average of $1,034, while purchase prices are much lower than the state median. That can support a stronger rental yield relative to the state. The PropertyIQ Score of 82, positive momentum indicators, and 46 days on market add to the investor case. Still, population growth data is not available, so demographic-driven demand cannot be confirmed from the provided numbers.

Move-up buyers may find opportunities in Youngstown because trade-up homes remain relatively affordable compared with the state. However, the flat year-over-year median home value change of -$4 means price appreciation has not been a major equity driver recently. The recent momentum signals may help, but local income levels and unemployment remain limiting factors.

Outlook

The data support a cautiously positive but measured outlook for Youngstown. The PropertyIQ Score of 82, 12-month home value momentum of 9.79%, 3-month momentum of 1.77%, and median days on market of 46 suggest continued buyer activity and pricing support. At the same time, the year-over-year median home value change of -$4 is essentially flat, and 24.1% of listings have had price cuts, indicating that sellers still need to price realistically. State comparisons also temper the outlook: unemployment is 4.6% versus 3.4% statewide, and median household income is $56,713 versus $71,389. With 947 homes for sale and a rent index of $1,026 near the state average, the market appears balanced, with affordability and rental demand likely supporting activity. Because population growth data is not available, the outlook cannot rely on demographic expansion; instead, the momentum, pace, and relative affordability in the data point to steady rather than overheated conditions.