| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 70th | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1010 W Western Reserve Rd, Youngstown, OH, 44514, US |
| Region / Metro | Youngstown |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | 2004-03-14 |
| Transaction Price | $950,000 |
| Buyer | V T LARNEY II LTD |
| Seller | STROLLO DANTE |
1010 W Western Reserve Rd Youngstown Multifamily Investment
Neighborhood occupancy is in the mid‑90s, supporting income stability for a 20‑unit asset, according to WDSuite’s CRE market data for the surrounding area. Investor takeaway: steady renter demand at the neighborhood level underpins consistent leasing.
The property sits in an Inner Suburb pocket of Youngstown that ranks 2 out of 222 metro neighborhoods on WDSuite’s neighborhood rating, placing it among the metro’s strongest locations for day‑to‑day livability and renter appeal. Neighborhood occupancy is 95.7% (ranked 53 of 222, competitive among Youngstown‑Warren‑Boardman neighborhoods and top quartile nationally), signaling durable leasing conditions for multifamily.
Amenities are a clear strength: restaurants and cafes are both in the top quartile nationally, and grocery and childcare access also score above the national median. Average school ratings are strong (4.0 out of 5; 9 of 222 in the metro, top quartile nationally), which can support retention for family‑oriented renters. Park access is limited (ranked 222 of 222), so on‑site open space or nearby private amenities may be more important to residents.
At the neighborhood level, the share of housing units that are renter‑occupied is about 39%, indicating a meaningful renter concentration and a viable tenant base without being overly saturated. Median contract rents are comparatively low for the region and the rent‑to‑income ratio of about 0.10 suggests manageable affordability pressure, which can help stabilize renewals while allowing pragmatic rent steps as units are improved.
Demographic statistics aggregated within a 3‑mile radius show modest recent population growth with households edging higher and forecast to expand further through 2028 even as household sizes trend smaller. That pattern typically enlarges the renter pool and supports occupancy stability for well‑positioned assets.
Safety indicators are mixed and should be monitored alongside property operations. Within the metro, the neighborhood’s overall crime rank sits near the middle of 222 neighborhoods, while national comparisons place it below the U.S. average for safety. Recent data show a year‑over‑year uptick in both property and violent offenses, so prudent security measures and active tenant engagement may be warranted.
Regional employers within commuting reach help support workforce housing demand and leasing stability, including rail transportation, healthcare distribution, retail headquarters, insurance, and manufacturing. The list below reflects notable nearby employment nodes relevant to resident commute patterns.
- Norfolk Southern — rail transportation (15.5 miles)
- Cardinal Health — healthcare distribution (36.8 miles)
- Dick's Sporting Goods — retail headquarters (39.4 miles) — HQ
- Erie Insurance Group — insurance (41.3 miles)
- Goodyear Tire & Rubber — manufacturing (42.4 miles) — HQ
This Youngstown Inner Suburb location offers a combination of strong neighborhood ranking, mid‑90s occupancy, and everyday amenities that align with renter preferences. Renter concentration around two‑fifths of units indicates a stable tenant base without oversaturation, while comparatively low contract rents and a rent‑to‑income ratio near 0.10 support retention and measured rent growth. Demographic trends within a 3‑mile radius point to household growth and smaller household sizes over the next few years, expanding the pool of renters and supporting leasing consistency.
Home values in the area are moderate relative to incomes, which can temper pricing power at the high end but still sustain steady demand for well‑kept apartments. Neighborhood‑level operations appear resilient compared with metro peers, based on CRE market data from WDSuite, suggesting that disciplined asset management and targeted upgrades can capture demand while maintaining occupancy.
- Mid‑90s neighborhood occupancy supports income stability
- Strong neighborhood ranking (2 of 222) and top‑quartile amenities
- Renter concentration around 39% provides depth without oversaturation
- Favorable rent‑to‑income dynamics support retention and measured rent steps
- Risks: below‑average national safety profile and limited park access; requires proactive management