Total monthly cost of ownership
Cost to Own a Home in Youngstown, Ohio
A $58,000 home here costs
$688per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $29,500 a year.
A standard mortgage calculator would have told you $321. The real number is $367 higher every month, 114% more than the payment most buyers budget for.
Compare Mahoning County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Youngstown against Mahoning County and Ohio
| Measure | Youngstown | Mahoning County |
|---|---|---|
| Median home value | $58,400 | $141,100 |
| Median property tax | $777 | $1,975 |
| Effective tax rate | 1.330% | 1.400% |
| Median gross rent | $718 | $775 |
| Population | 59,605 | 227,063 |
Youngstown extends across 2 counties. Figures here use Mahoning County, where most of its housing sits.
The weather behind that power bill
Youngstown sits in Mahoning County, which averages a high of 82.7°F in its hottest month and a low of 19.3°F in its coldest, with 41.19" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 633 cooling and 6,089 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Mahoning County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mahoning County
Talk to someone who works this market
These are Youngstown averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Youngstown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Youngstown I already own here and may sell
Common questions
How much does it cost to own a home in Youngstown?
A $58,000 home in Youngstown, Ohio costs approximately $688 per month with 20% down at 7.4%. That is $321 principal and interest, $64 property tax, $22 homeowners insurance, $233 utilities and $48 set aside for maintenance.
What is the property tax rate in Youngstown?
Youngstown has an effective property tax rate of 1.330%, based on a median home value of $58,400 and median real estate taxes of $777. That is lower than the Mahoning County average of 1.400%.
What is the average home price in Youngstown?
The median owner-occupied home value in Youngstown, Ohio is $58,400, against $141,100 across Mahoning County.
Is it cheaper to rent or buy in Youngstown?
Median gross rent in Youngstown is $718 a month, against $688 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Youngstown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Youngstown, Ohio at today's rate takes a household income of roughly $29,500 a year. That covers the full $688 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Youngstown, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Ohio.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.