Youngstown’s Zillow ZHVI typical city home value is $72,648, and its Zillow ZORI typical observed monthly market rent is $1,087. Together they imply an 18.0% gross yield—annual ZORI divided by ZHVI—before taxes, insurance, repairs, vacancy, management, utilities, financing and transaction costs. ZHVI rose 8.0% year over year and ZORI rose 9.8%; these are recent city measures, not a forecast. ZHVI is 2.1x ACS median household income, a purchase-price multiple that does not establish property-level affordability or loan qualification.
The city has a 15.0% ACS housing-unit vacancy rate and a 43.8% renter share among occupied units. Single-family structures are 80.4% of units, emphasizing property-condition review. ACS reports a $63,300 median home value for surveyed owner-occupied housing and $728 median gross rent for surveyed renter-occupied housing, with gross rent including selected utilities. They differ in concept and period from Zillow and must not be averaged or treated as direct comparables.
City rent-burden context shows 57.1% of measured renter households spend at least the burden threshold on gross rent, while large multifamily structures represent 6.7% of housing units. ACS classifies 620 vacant units as for rent, but vacancy reasons and structure shares are survey context, not investment inventory or proof of quick leasing. Population is 59,331, down 8.4% between overlapping ACS five-year vintages; the change is not annualized and may reflect boundary changes. Median household income is $34,408; poverty is 37.3% and unemployment is 11.9%. Those final measures describe demand constraints without establishing causation or tenant performance.
Mahoning County’s county record shows a 1.303% property-tax rate, broader context rather than a parcel tax quote. Trumbull County’s county record separately shows a 1.309% property-tax rate; do not average the county records or substitute either for parcel-specific assessments. The Youngstown, OH metro has employment down 0.7% year over year, a broader labor-demand caution rather than a city result. The national Freddie Mac 30-year mortgage rate is 6.58%, financing context rather than a borrower-specific quote.
Underwriting is limited because citywide Zillow typicals, ACS surveys, county records, metro indicators and the national rate do not reveal asset-level rentability, condition or expenses. Before pricing, verify parcel taxes and assessments, insurance and hazard exposure, title, zoning and occupancy; inspect the roof, foundation, mechanicals, plumbing and electrical systems; and confirm utility responsibility. Obtain unit-level rent evidence, lease and concession history, arrears, turnover and vacancy records, repair bids, management terms and financing quotes. Stress-test net cash flow rather than relying on gross yield.