44506, Youngstown, OH

The 44506 zip code of Youngstown, OH has a population of around 102,000 people. The median household income in this zip code is $38,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is around 9% which is higher than the national unemployment rate of 6.1%. The homeownership rate in this zip code is around 63% which is lower than the national homeownership rate of 69%.

The average home value in this zip code is $72,500 which is lower than the national average home value of $183,700. The percentage of homes that are vacant in this zip code is around 12% which is higher than the national vacancy rate of 10%. The percentage of homes that are owned by individuals who are not related to the owner by blood or marriage is around 50% which is lower than the national percentage of 55%.

There are a number of reasons why home values and home equity in the 44506 zip code are lower than average. One reason may be that there are a number of homes that were built before 1978 and have not been updated since then. Another reason may be that there are a number of foreclosure properties in this area which has lowered home values and home equity. Additionally, many people who live in this area commute to work outside the city so they do not have as much access to affordable housing options within walking distance from their jobs.