Youngstown, OH — Rental Investment Analysis
🟢STRONG— excellent cash flow marketData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Youngstown, OH has a median cap rate of 10.5%, making it one of the top cash-flowing rental markets in the United States.
Youngstown is one of the strongest cash flow markets in the data. With a median home price of $91,257, entry costs are low — making it accessible for beginning investors or those buying multiple properties. With 3-bedroom rents around $1,130/month, the 10.5% cap rate tells the story. A typical rental here cash flows +$312/month after all expenses — strong passive income from day one.
The market passes the 1% rule (1.24%), which is increasingly rare and signals strong rent-to-price fundamentals. DSCR of 1.64 means the property's income comfortably covers debt service — DSCR loans should be easy to qualify for here.
Bottom line: Buy here if you want reliable monthly income. Youngstown is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
10.5%
Above average
Monthly Cash Flow
+$312
After all expenses
Price-to-Rent
6.7
Investor-friendly
DSCR
1.64
Passes lender test
Key Metrics
- Median Home Price
- $91,257
- Average Rent (3BR)
- $1,130/mo
- Price-to-Rent Ratio
- 6.7(good)
- 1% Rule
- 1.24%(passes)
- Cash-on-Cash Return
- 17.8%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 3.9%(-0.4% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -0.5% YoY
Property Tax Rate
1.53%
of assessed value (OH avg)
Median Income
$61,938
household (OH avg)
Rent-to-Income
21.9%
Affordable
Section 8 Max Rent
$1,130/mo
3BR voucher payment
OH Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
1.53% effective
Population Trend
-0.5% (3yr)
Best Zip Codes in Youngstown for Investors
All Zip Codes in Youngstown
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 44506 | 27.5% | +$670 | $38,112 | $1,130/mo | 4.30 |
| 44507 | 23.4% | +$628 | $44,262 | $1,130/mo | 3.67 |
| 44502 | 19.4% | +$628 | $57,744 | $1,240/mo | 3.04 |
| 44510 | 18.8% | +$561 | $54,290 | $1,130/mo | 2.94 |
| 44509 | 12.0% | +$399 | $85,634 | $1,190/mo | 1.87 |
| 44505 | 10.5% | +$312 | $91,257 | $1,130/mo | 1.64 |
| 44504 | 9.2% | +$241 | $101,803 | $1,130/mo | 1.44 |
| 44511 | 5.5% | -$120 | $155,364 | $1,130/mo | 0.85 |
| 44404 | 3.8% | -$446 | $203,664 | $1,130/mo | 0.59 |
| 44403 | 3.7% | -$470 | $207,268 | $1,130/mo | 0.57 |
| 44481 | 3.1% | -$619 | $229,284 | $1,130/mo | 0.49 |