Location: Youngstown-Warren, OH | Metro: Youngstown-Warren, OH MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $199,079 | 0.5% | F |
| 3BR | $1,300 | $253,134 | 0.51% | F |
| 4BR | $1,370 | $329,944 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 44442, located in New Middletown, OH, presents a market where dynamics suggest a balance between supply and demand, though slight indications point towards demand potentially outpacing supply. The Fair Market Rent (FMR) for ZIP 44442 stands at $860 for fiscal year 2024, while the market rent, according to Census ACS, is slightly lower at $840. This suggests that the rental market is competitive but stable, with landlords setting rents close to the benchmark set by the government.
The median home value in ZIP 44442 is $238,471, which provides a baseline for homeownership costs. However, the lack of data on price-cut share and days on market (DOM) means we cannot definitively state whether there is an oversupply of homes for sale. Typically, if supply outpaces demand, we would see higher price-cut shares and longer DOM, but without these figures, we must rely on other indicators to understand the market's direction.
A significant factor in understanding the long-term housing pressure is the 16.1% renter share. In ZIP 44442, a relatively low proportion of residents are renters, indicating that homeownership is more prevalent. This can imply that there is less immediate pressure on the rental market, but it also suggests that the area might be experiencing a steady demand for both rentals and purchases as people choose to own rather than rent. The high percentage of homeowners could mean that the area is attractive for those looking to settle down long-term, thereby maintaining a consistent demand for housing overall.
In conclusion, ZIP 44442 appears to be a market in equilibrium, with rental prices closely aligned to FMR and a significant homeownership rate. While the exact trajectory of supply versus demand cannot be determined without additional data, the current snapshot suggests a stable environment with potential for demand to slightly outpace supply, particularly in the rental sector. This stability is likely due to the area's appeal for long-term residents, who prefer owning their homes over renting.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.