The Best Value Properties in Youngstown, OH

☕️ 4 min read By Noah Blumberg


We've mentioned the excellent PolicyGenius list of best places to invest in real estate in 2022, so why not go straight to the top and look at the #1 city on the list, Youngstown, OH? PolicyGenius is not alone. Mashvisor also has called Youngstown one of the top cities to invest in. We'll look more closely at the numbers, but the first statistic that jumps out at you is the low $42,000 price for the average home. It's no wonder Youngstown made the list of cheapest places to live.

Youngstown had historically been a town centered around steel production and manufacturing which supported the auto and other industries. Economic hardship since the 1970s has left Youngstown with fewer jobs and fewer people than the city had expected to support. For this reason housing supply is not as limited as in many other parts of the country and therefore we see lower than average prices in Youngstown. This vacuum of economic activity has spurred business and government intervention and, in turn, opportunity for investors.

Economic Forces at Work in Youngstown

In 2017, the federal government created opportunity zones to "spur economic growth and job creation in low-income communities while providing tax benefits to investors". Youngstown has several opportunity zones for investors to take advantage of. Typically businesses invest in a zone and banks create financial instruments around the investments into which investors can buy. Put another way, investments are made, investment funds are created around them, and all involved can benefit from tax breaks. Investing directly in real estate is another way to take advantage of the incentives. An investor would need to create a Qualified Opportunity Fund to begin the process.

We mentioned the low prices in Youngstown, but another key metric, vacancy rate, is also quite low at 3.2%. Low vacancy reduces risk and is one of the most important numbers investors look at. Another positive number is the rent to home value ratio. The amount of annual rent you can expect from the median rental is enough to cover 18.53% of the purchase price of the property. So in 5.5 years enough rent could conceivably be collected to recoup the entire cost of the home. This is of course with the caveat that there are other expenses and risks outside of rent and purchase price. The 77% home value appreciation rate in Youngstown is another reason it makes sense for investors.

The Properties

Once again, we notice the low prices. Given the low median price in Youngstown, it's not surprising to see real estate properties priced below the median being sold as-is or being described as needing work. There is no shortage of opportunities for someone looking to rehab a property in Youngstown. One such property is #8 on our list in the desirable Brownlee neighborhood. The house is attractive on the outside and the interior work looks like it could be fairly cosmetic.

This reasonably priced multi-family property could serve as a rental for students. It also has a desirable location which, generally speaking, helps a property hold its value.

Here are the top 50 properties. To see them all or get a list for another city, order a custom list!
Median List PriceMedian SqftMedian Lot Size(SqFt)Median HOA Fee
$69,9001,4207,405$175
Score**PropertyZipX**TypeBedsSqFtLot Size(sqft)Price
233.24

345 E Boston Ave
1.09single family3159611,108$15,000
187.62

134 Lilburne Dr
1.00single family321129,365$19,900
153.87

1365 Forest View Dr
1.00single family38167,405$10,500
142.96

572 E Judson Ave
1.14single family324106,011$36,900
131.36

495 Sunshine Ave
1.00single family211846,839$14,900
114.78

139 Clarencedale Ave
1.21single family3195612,000$39,900
102.27

443-445 Ferndale Ave
1.14multi family426115,837$60,000
98.44

1662 Brownlee Ave
1.35single family425517,492$72,500
84.18

34 W Judson Ave
1.09single family313668,494$37,000
81.40

1412 Himrod Ave
1.00single family313297,057$30,000
73.99

350 Bradley Ln
1.00single family522809,148$69,000
73.07

316 E Lucius Ave
1.09single family314486,151$44,900
71.15

449 Alameda Ave
1.00single family522347,492$75,000
71.01

515 Parkcliffe Ave
1.14single family4155110,019$54,900
68.69

1712 Manhattan Ave
1.00single family317945,750$49,500
66.75

2937 Bainbridge Ave
1.14single family3148814,898$49,900
66.53

2814 Eddie St
1.00single family314405,401$37,500
66.37

808 Cornell St
1.14single family29705,619$29,900
65.70

2625 Cooper St
1.14single family210816,011$31,900
61.15

75 S Schenley Ave
1.00single family416688,756$61,900
60.05

4025 Tippecanoe Rd
1.14single family270416,596$33,000
59.86

1932 Pointview Ave
1.14single family312326,011$50,000
58.58

380 Hilton Ave
1.09single family310925,271$42,900
57.31

130 Lauderdale Ave
1.00single family3232510,019$70,000
56.98

939 E Florida Ave
1.14single family315055,793$54,900
56.29

1409 Humbolt Ave
1.14single family315527,492$59,900
53.58

2041 S Heights Ave
1.14single family312807,492$55,900
51.82

4225 Kirk Rd
1.14single family3168240,119$90,000
50.77

3234 S Wendover Cir
1.14single family3109222,651$60,000
50.69

3611 Risher Ave
1.14single family27727,405$32,000
50.59

545 Mabel St
1.14single family210565,619$39,900
50.05

1614 Medford Ave
1.35single family311287,492$63,900
48.00

210 Clinton St
1.00single family3108811,021$45,000
47.35

11 Water St
1.35multi family4195725,439$140,000
47.06

142 S Osborn Dr
1.00single family311421$44,900
46.56

530 Plum St
1.14single family311988,886$55,000
46.36

4143 Euclid Blvd
1.21single family317928,320$89,000
45.53

159 N Osborn Ave
1.00single family410115,619$49,900
45.25

194-196 Wychwood Ln
1.21multi family6224011,500$160,000
44.54

541 Broadway St
1.00single family414406,625$69,900
44.27

420 McClurg Rd
1.21single family4170449,179$129,900
43.75

236 S Osborn Ave
1.00single family313268,189$59,500
43.25

4455 New Rd
1.17single family31566108,900$164,900
42.87

2213 Rush Blvd
1.09single family28406,055$38,500
42.63

553 Madera Ave
1.00multi family4232410,106$112,000
42.25

1414 Maplecrest Dr
1.17condo211881$59,300
42.13

310 E Ravenwood Ave
1.09single family313705,271$69,900
42.03

138 S Osborn Dr S
1.00single family39961$44,900
41.83

5101 Friendship Ave
1.21single family317287,231$95,000
41.67

421 N Osborn Ave
1.00single family310005,619$49,000
*This table shows only few basic data points. Rankings are based on 22 data points and 7 calculations per property.**Find explanations of ZipX aka zip multiplier and Score here.