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Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)
All Maxine Goodman Levin School of Urban Affairs Publications
Document Type
Report
Publication Date
1-1-2021
Disciplines
Abstract
This brief seeks to investigate the changes in the regional housing markets for renters and homeowners in the Youngstown region due to the General Motors Lordstown Assembly closure. Housing is an important part of the regional infrastructure that can attract new people in times when the Youngstown region tries to develop high-tech industries and reinvent its economy. The quality of housing stock determines the amount of property taxes, which help fund local schools as well as city services. In 2019, both median household income and median home values declined in the Youngstown region. The demand for rental properties increased as shown by a decrease in the renter vacancy rate and the number of vacant units “for rent”.
Citation Information
Iryna Demko, Molly Schnoke, Rachel Lefebre, Isabella McKnight, et al.. "Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)" (2021) p. 1 - 6 Available at: http://works.bepress.com/molly_schnoke/30/