Department of Numbers

Youngstown Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Youngstown, OH (the Youngstown-Warren-Boardman metro area) was $651 in 2016 according to the Census ACS survey.1 Average gross rent in Youngstown was $630 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Youngstown median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Youngstown Ohio (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Ohio Median Gross Rent $759 +0.40% +6.45%
Youngstown, OH Median Gross Rent $651 +1.40% +4.33%

Youngstown, OH Real Gross Rent Trends

Median gross rent for Youngstown peaked in real terms in 2008 at $655 and is now $4 (0.61%) lower. From a recent low of 608.0 in 2011, real median gross rent has now increased by $43 (7.07%). Average gross rent for Youngstown peaked in real terms in 2008 at $659 and is now $29 (4.40%) lower. From a recent low of 587.0 in 2011, real average gross rent has now increased by $43 (7.33%).

Real Gross Rent in Youngstown: Youngstown OH Median, Youngstown OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Youngstown

Date US
Median
Ohio
Median
Youngstown, OH
Median
Youngstown, OH
Average
2016 $981 $759 $651 $630
2015 $972 $756 $642 $620
2014 $942 $741 $631 $611
2013 $910 $713 $624 $605
2012 $898 $711 $626 $598
2011 $898 $714 $608 $587
2010 $912 $731 $627 $611
2009 $916 $729 $620 $596
2008 $932 $754 $655 $659
2007 $885 $721 $624 $608
2006 $895 $735 $613 $611
2005 $869 $732 $638 $623

Youngstown Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Youngstown Ohio was 6.87% according to Census ACS data.

Rental Vacancy Rate in Youngstown Ohio

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Ohio 5.44% -0.12% -0.71%
Youngstown, OH 6.87% +2.38% +0.49%

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 4.15% to 6.87%. Data records for this series originated in 2005. From a 2015 post peak low of 4.49%, the rental vacancy rate has increased by 2.38%.

Rental Vacancy Rate: Youngstown OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Youngstown

Date US Ohio Youngstown, OH
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%
2008 7.86% 9.68% 8.83%
2007 7.87% 10.00% 9.47%
2006 7.70% 10.68% 10.51%
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 17.37% in 2016 according to the ACS.

Youngstown Ohio Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Ohio 17.40% -0.12% -0.29%
Youngstown, OH 17.37% -0.27% -0.35%

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 0.80% to 17.37%.

Fraction of Income towards Rent: Youngstown OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Youngstown Ohio

Historical Data for Annual Rent as a Fraction of Income in Youngstown Ohio

Date US Ohio Youngstown, OH
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%
2008 19.00% 16.68% 17.13%
2007 18.66% 16.56% 16.56%
2006 18.90% 16.90% 15.68%
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 2016 30.58% of households were renters according to Census ACS data.

Youngstown Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Ohio 34.64% +0.05% +0.71%
Youngstown, OH 30.58% +0.48% -0.12%

Trends in the Youngstown, OH Renter Fraction

The Youngstown household renter fraction peaked in in 2013 at 30.70% and is now 0.12% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Youngstown OH, Ohio, US

Fraction of renters in Youngstown

History of Youngstown Renter Fraction

Date US Ohio Youngstown, OH
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%
2008 33.36% 30.95% 27.76%
2007 32.80% 30.32% 26.81%
2006 32.73% 29.99% 26.04%
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.