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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +3.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +2.3% YoY, is the number to watch.
The median listing price is up 3.3% YoY while the median home got down 25.5% bigger, so value per square foot is down 4.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $155K purchase rents for $900/mo: 0.58% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 27 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 44505 itself, not its parent county.
Renters hold 48.4% of this ZIP's 6,570 occupied households, on a median household income of $38K.
| Measure | ZIP 44505 | Mahoning County | Difference |
|---|---|---|---|
| Median Household Income | $38K | $57K | -$19K |
| Below Poverty Level | 39.3% | 18.9% | +20.4% |
| Median Age | 36.50 | 43.20 | -6.70 |
| Total Population | 16,764 | 226,491 | -- |
| Avg Household Size | 2.30 | 2.25 | +0.05 |
| Owner-Occupied | 51.6% | 70.3% | -18.6% |
| Worked From Home | 5.5% | 9.8% | -4.3% |
| Mean Commute | 21.10 | 22.50 | -1.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 226,491: residents under 18 are down 0.5% and those 65 and over are up 1.8%.
County median household income is $57K, 18.9% of residents are below the poverty level, 9.8% work from home.