Friday, November 10, 2006

Housing Report for Mahoning County, Ohio

Mahoning County recorded median owner-occupied home value in the year 2005 of $94,500, published by the American Community Survey. This value is less than the overall Ohio 2005 home value of $129,600 and less than median home value of $167,500 across the nation during that year.

Throughout the State of Ohio, Mahoning County stands 71 of 88 by percentage growth in residential real estate. The county is positioned 2,524 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

In Mahoning County, the U.S. Census Bureau, Population Division accounted for a total of 113,677 homes in the year 2005. This county has gone through a growth in housing units, adding all together 1,326 residential units since 2001, or 1.2 percent.

Mahoning County has a small, but present percentage of homes that are high in price. In 2005, the American Community Survey reported that 0.6 percent owner-occupied dwelling are valued over a half a million dollars.

The residential home values in Mahoning County, Ohio have moderate increases from the real estate values reported in 2000. The valuations have increased by $14,800, or 18.6 percent, from their 2000 value of $79,700.

There seems to be a large amount affordable residential real estate in Mahoning County, Ohio. In 2005, 67.7 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

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