| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 67th | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Boardman Canfield Rd, Youngstown, OH, 44512, US |
| Region / Metro | Youngstown |
| Year of Construction | 1972 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Boardman Canfield Rd Youngstown Multifamily Investment
Neighborhood fundamentals signal steady renter demand and high occupancy, while rents remain relatively manageable for the area, according to WDSuite’s CRE market data. These metrics reflect the surrounding neighborhood and not performance of the specific property.
Competitive among Youngstown-Warren-Boardman neighborhoods (ranked 35 of 222), this suburban location shows strong occupancy at the neighborhood level and steady household incomes. Neighborhood occupancy trends are in the top quartile nationally, a favorable backdrop for lease stability and renewal rates, based on CRE market data from WDSuite.
Daily needs are well-covered: grocery access ranks near the top of the metro (25 of 222), and restaurant density is above metro median. Other amenities such as parks, pharmacies, cafes, and childcare are limited nearby, so residents are more likely to rely on regional corridors for services and recreation—typical for suburban Mahoning County.
At the neighborhood level, the share of renter-occupied housing is in the high-20s, indicating a defined but not saturated renter pool. This generally supports leasing durability for professionally managed multifamily assets while suggesting some competition from ownership options.
Within a 3-mile radius, recent data show modest population softening over the past five years but a forecasted increase in population and households over the next five years. Smaller average household sizes are expected, which can expand the renter base and support multifamily absorption even as ownership remains accessible.
Home values are lower than national norms and rent levels trend below national benchmarks. For investors, a high-cost ownership market is not the driver here; instead, the story is operational: favorable rent-to-income dynamics and high neighborhood occupancy can aid retention and reduce turnover risk while still leaving pricing power tied to local wage growth.
Relative to the metro, crime sits around the middle of the pack (ranked 101 out of 222 Youngstown-Warren-Boardman neighborhoods). Compared with neighborhoods nationwide, safety performance is below average, with national percentiles in the 30s–40s range.
Recent year-over-year trends indicate increases in both property and violent offense rates at the neighborhood level. For underwriting, investors often account for lighting, access control, and partnership with local patrols, and they may calibrate loss assumptions accordingly. Conditions can vary block to block; these figures reflect the broader neighborhood rather than this specific property.
The employment base combines rail, healthcare distribution, insurance, and manufacturing corporate offices within commuting range, supporting workforce housing demand and resident retention in this suburban corridor.
- Norfolk Southern — rail & logistics (13.2 miles)
- Cardinal Health — healthcare distribution (38.8 miles)
- Erie Insurance Group — insurance (41.6 miles)
- Goodyear Tire & Rubber — manufacturing corporate (41.8 miles) — HQ
- Dick's Sporting Goods — retail corporate (42.0 miles) — HQ
A 120-unit suburban asset at 500 Boardman Canfield Rd benefits from high neighborhood occupancy and rents that are generally aligned with local incomes, supporting lease retention and day-one cash flow stability. According to CRE market data from WDSuite, this neighborhood ranks competitive in the metro and shows strong grocery access and restaurant density, which help sustain renter appeal despite thinner park and pharmacy options.
Macro context is balanced: within a 3-mile radius, the last five years show softening population, but forecasts point to growth in population and a notable increase in households alongside smaller household sizes—signals consistent with an expanding renter pool and stable absorption. Lower home values relative to national levels suggest some competition from ownership, but favorable rent-to-income levels can support retention while leaving room for operational value creation through management, amenities, and resident experience.
- High neighborhood occupancy supports leasing stability and renewal potential
- Favorable rent-to-income dynamics bolster retention and reduce turnover risk
- Grocery and dining access underpin livability in a suburban location
- Forecasted household growth within 3 miles points to a larger tenant base
- Risks: below-average national safety percentiles and accessible ownership options may temper rent growth