The East Side neighborhood of Youngstown, Ohio, has demonstrated remarkable resilience in its housing market over the past decade. Despite experiencing a significant population decline, the area has seen overall increases in homeownership rates and average home prices. From 2013 to 2020, homeownership rates in the East Side neighborhood rose dramatically from 53% to 83%, coinciding with a substantial increase in average home prices. These prices grew from $14,258 in 2016 to $31,634 in 2022, representing a 122% increase over six years. However, it's worth noting that homeownership rates experienced a sharp decline in 2021 and 2022, dropping to 50% by 2022.

The relationship between federal interest rates and homeownership rates in the East Side neighborhood doesn't always follow the typical inverse correlation. Despite historically low interest rates from 2013 to 2020 (ranging from 0.09% to 0.38%), homeownership rates increased significantly. This suggests that local factors may have had a stronger influence on homeownership trends in this area than national interest rates.

Renter percentages in the East Side neighborhood have shown an inverse relationship to homeownership rates, as expected. The percentage of renters decreased from 34% in 2013 to 17% in 2020, before rising sharply to 50% in 2022. Average rent prices have been volatile, ranging from a low of $227 in 2017 to a high of $673 in 2018. The population of the neighborhood has generally decreased over time, from 1,419 in 2010 to 902 in 2022, which may have influenced rental market dynamics.