1031 Exchange Youngstown, Ohio

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Youngstown due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Youngstown, Ohio is a part of the Youngstown-Warren-Boardman, OH-PA metropolitan area, and contains 15 zip codes, including: 44504, 44503, 44555, 44502, 44511, and 44513.

Youngstown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Youngstown, OH metropolitan area was $567, which is 8.62% lower than 2014 average rent. This represents a compounded annual growth rate of 1.67%. 2019 vacancy in Youngstown, OH was 2.50%.

The total population of the city of Youngstown, OH has decreased 3.02% since 2010. As of 2018, the population was 64,958. The median household income of the Youngstown was $26,951, which is 55.30% lower than the national average.

  • metropolitan area Youngstown-Warren-Boardman, OH-PA
  • avg rent $567
  • rent growth 8.62%
  • vacancy 2.50%
  • median income $26,951
  • population (2018) 64,958
  • population growth -3.02%
  • vs. nat'l avg 55.30%
  • zip codes 44501 44502 44503 44504 44505 44506 44507 44509 44510 44511 44512 44513 44514 44515 44555

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