Youngstown Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Youngstown, OH (the Youngstown-Warren-Boardman metro area) was $675 in 2019 according to the Census ACS survey.1 Average gross rent in Youngstown was $646 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Youngstown median and average rent data will be released in September of 2021.
Data is also available below for Youngstown rental vacancy rates, Youngstown rent as a percent of median income and the fraction of renters in Youngstown.
Real Gross Rent in Youngstown Ohio (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Ohio Median Gross Rent | $813 | +0.25% | +2.26% |
| Youngstown, OH Median Gross Rent | $675 | +0.45% | -1.03% |
Youngstown, OH Real Gross Rent Trends
Median gross rent for Youngstown peaked in real terms in 2008 at $686 and is now $11 (1.60%) lower. From a recent low of 636.0 in 2011, real median gross rent has now increased by $39 (6.13%). Average gross rent for Youngstown peaked in real terms in 2008 at $690 and is now $44 (6.38%) lower. From a recent low of 615.0 in 2011, real average gross rent has now increased by $31 (5.04%).
Real Gross Rent in Youngstown: Youngstown OH Median, Youngstown OH Average, Ohio Median, US Median
Real Gross Rent History for Youngstown
| Date | US Median |
Ohio Median |
Youngstown, OH Median |
Youngstown, OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $675 | $646 |
| 2018 | $1,077 | $811 | $672 | $665 |
| 2017 | $1,043 | $796 | $674 | $633 |
| 2016 | $1,027 | $795 | $682 | $660 |
| 2015 | $1,017 | $791 | $673 | $649 |
| 2014 | $986 | $776 | $661 | $640 |
| 2013 | $953 | $747 | $653 | $634 |
| 2012 | $940 | $745 | $655 | $627 |
| 2011 | $941 | $747 | $636 | $615 |
| 2010 | $955 | $765 | $657 | $640 |
| 2009 | $960 | $764 | $650 | $625 |
| 2007 | $927 | $755 | $653 | $637 |
| 2005 | $910 | $766 | $668 | $653 |
Youngstown Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Youngstown Ohio was 4.79% according to Census ACS data.
Rental Vacancy Rate in Youngstown Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Youngstown, OH | 4.79% | -0.96% | -2.08% |
Trends in Youngstown, OH Rental Vacancy Rate
The rental vacancy rate in Youngstown peaked in 2009 at 11.02%. Since then it has fallen by 6.23% to 4.79%. Data records for this series originated in 2005. From a 2017 post peak low of 4.13%, the rental vacancy rate has increased by 0.66%.
Rental Vacancy Rate: Youngstown OH, Ohio, US
Historical Rental Vacancy Rate data for Youngstown
| Date | US | Ohio | Youngstown, OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 4.79% |
| 2018 | 6.15% | 5.54% | 5.75% |
| 2017 | 6.18% | 5.62% | 4.13% |
| 2016 | 5.89% | 5.44% | 6.87% |
| 2015 | 5.85% | 5.56% | 4.49% |
| 2014 | 6.32% | 6.26% | 8.20% |
| 2013 | 6.49% | 6.15% | 6.38% |
| 2012 | 6.77% | 7.08% | 6.82% |
| 2011 | 7.40% | 7.89% | 7.53% |
| 2010 | 8.17% | 9.45% | 10.20% |
| 2009 | 8.43% | 9.17% | 11.02% |
| 2007 | 7.87% | 10.00% | 9.47% |
| 2005 | 7.74% | 10.37% | 10.21% |
Rent as a Fraction of Income
Using median household income data for Youngstown, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Youngstown, median monthly gross rent as a fraction of median household income was 16.68% in 2019 according to the ACS.
Youngstown Ohio Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Ohio | 16.64% | -0.41% | -0.77% |
| Youngstown, OH | 16.68% | -0.00% | -0.69% |
Trends in Youngstown, OH Rent as a Fraction of Income
The fraction of median Youngstown household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.17%. Since then it has fallen by 1.49% to 16.68%.
Fraction of Income towards Rent: Youngstown OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Youngstown Ohio
| Date | US | Ohio | Youngstown, OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 16.68% |
| 2018 | 20.50% | 17.04% | 16.68% |
| 2017 | 20.13% | 17.15% | 17.29% |
| 2016 | 20.43% | 17.40% | 17.37% |
| 2015 | 20.63% | 17.53% | 17.64% |
| 2014 | 20.89% | 17.89% | 17.79% |
| 2013 | 20.78% | 17.70% | 17.72% |
| 2012 | 20.65% | 17.94% | 18.17% |
| 2011 | 20.70% | 18.15% | 17.41% |
| 2010 | 20.50% | 18.23% | 17.98% |
| 2009 | 20.12% | 17.71% | 16.72% |
| 2007 | 18.66% | 16.56% | 16.56% |
| 2005 | 18.89% | 16.91% | 16.65% |
Renter Fraction in Youngstown Ohio
You can calculate the renter fraction in Youngstown in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Youngstown as a fraction of total Youngstown households. In 2019 29.37% of households were renters according to Census ACS data.
Youngstown Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Ohio | 33.96% | -0.17% | -0.68% |
| Youngstown, OH | 29.37% | -0.87% | -1.21% |
Trends in the Youngstown, OH Renter Fraction
The Youngstown household renter fraction peaked in in 2013 at 30.70% and is now 1.33% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Youngstown OH, Ohio, US
History of Youngstown Renter Fraction
| Date | US | Ohio | Youngstown, OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 29.37% |
| 2018 | 36.05% | 34.13% | 30.24% |
| 2017 | 36.13% | 34.22% | 30.18% |
| 2016 | 36.88% | 34.64% | 30.58% |
| 2015 | 36.97% | 34.59% | 30.10% |
| 2014 | 36.90% | 34.67% | 29.81% |
| 2013 | 36.50% | 33.93% | 30.70% |
| 2012 | 36.09% | 33.71% | 30.37% |
| 2011 | 35.42% | 33.02% | 29.43% |
| 2010 | 34.65% | 31.60% | 27.47% |
| 2009 | 34.13% | 31.95% | 26.66% |
| 2007 | 32.80% | 30.32% | 26.81% |
| 2005 | 33.10% | 30.06% | 25.72% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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