Rent to own Homes in Youngstown, OH
Once a mighty steel-industry giant, Youngstown, Ohio, found itself a victim to changing national priorities and diminishing resources. A local industry collapse in 1977 led to the loss of a staggering 50,000 jobs--and nearly as many residents. The ones that remained, however, banded together, turned to other industries, and soon brought about a remarkable revival. The combination of new business development, cultural opportunities, and reduced crime rates led Forbes to recently rate this new Youngstown as one of the nation's top five cities for raising children.
Youngstown, OH is a great place for affordable rent-to-own homes! With a median household income of over $30,129 and a median rent of $638, the Youngstown, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Youngstown, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Youngstown, OH Property Resources
Rent to own Homes in Cities Near Youngstown, OH
- Austintown
- Beloit
- Berlin Center
- Boardman
- Bolindale
- Brookfield
- Brookfield Center
- Columbiana
- Craig Beach
- Deerfield
- East Palestine
- Edinburg
- Fowler
- Girard
- Hilltop
- Howland Center
- Hubbard
- Kinsman Center
- Lake Milton
- Leavittsburg
- Lordstown
- Maplewood Park
- Masury
- McDonald
- McKinley Heights
- Mineral Ridge
- Morgandale
- Newton Falls
- New Waterford
- Niles
- North Benton
- North Bloomfield
- North Jackson
- North Lima
- Oakwood
- Orangeville
- Petersburg
- Poland
- Pulaski
- Salem
- Snpj
- Struthers
- Transfer
- Vienna
- Warren
- Washingtonville
- West Farmington
- Woodworth
- Yankee Lake
- Youngstown
Neighborhoods in Youngstown, OH
Smokey Hollow rent to own homes Brownlee Woods rent to own homes Buckeye Plat rent to own homes Arlington rent to own homes Belle Vista rent to own homes Brier Hill rent to own homes Cottage Grove rent to own homes Downtown Youngstown rent to own homes East High rent to own homes East Side rent to own homesBuying a Home in Youngstown, OH
Youngstown, OH is seeing rapid growth and Youngstown, OH's' housing market remains optimal with an average home price that is -78% below the 2024 national average. Youngstown, OH is part of Mahoning county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Mahoning is 1.42% which is above the national average, which is 0.99%.
Median Home Price in Youngstown, OH
Median Rent in Youngstown, OH
Top Reasons to Live in Youngstown OH
Housing Information Nearly 15% of all dwellings in Youngstown are unoccupied, particularly in the most urban neighborhoods. Rentals, which make up more than a third of the housing market, are especially lagging, with over 30% of available typically vacant. Home values are well-below state averages, with median sales prices averaging just $39,000. The upshot of all this is that there are few better places in the nation to find rent to own homes or owner-assisted financing.
Local Youngstown Shopping Reflecting the area's solidarity, there's a focus on locally owned and operated businesses and restaurants. Rulli Brothers Grocery Store is a prime example, still serving locals after 96 years. The revitalized downtown area has blossomed with small restaurants, coffee shops, and cafes, including Barleys, Coyocan, and Anthony's on the River. There's even a shop called Youngstown Nation that sells pro-city t-shirts.
Youngstown Industry and Employers The largest remaining industrial employer in the Youngstown area is General Motors. GM's Lordstown Assembly plant, one of the largest in America, is the home of the Chevrolet Cruze and employees over 4500 people. There are still steel manufacturing jobs as well, and Youngstown's own V&M Star Steel remains one of the city's largest employers. Turing Technologies has been rated as the nation's fastest-growing private software firm.
Youngstown Neighborhoods The city is home to a wildly diverse group of residents and features some 50 individual neighborhoods. You'll probably want to check out these popular areas first: