Youngstown is a city in and the county seat of Mahoning County in the U.S. state of Ohio, with small portions extending into Trumbull County. According to the 2010 Census, Youngstown had a city proper population of 66,982, while the Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area it anchors contained 565,773 people in Mahoning and Trumbull counties in Ohio, and Mercer County in Pennsylvania.
Youngstown is located on the Mahoning River, approximately 65 miles (105 km) southeast of Cleveland and 61 miles (100 km) northwest of Pittsburgh. Despite having its own media market, Youngstown is often included in commercial and cultural depictions of both Northeast Ohio as well as the Pittsburgh Tri-State Area due to these proximities. Youngstown lies 10 miles (16 km) west of the Pennsylvania state line, midway between New York City and Chicago via Interstate 80.
The city was named for John Young, an early settler from Whitestown, New York, who established the community's first sawmill and gristmill. Youngstown is in a region of America that is often referred to as the Rust Belt. Traditionally known as a center of steel production, Youngstown was forced to redefine itself when the U.S. steel industry fell into decline in the 1970s, leaving communities throughout the region without major industry. The city has experienced a decline of over 60% of its population since 1959. Youngstown also falls within the Appalachian Ohio region, among the foothills of the Appalachian Mountains.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Youngstown, Warren, Boardman, OH, PA, Ohio. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Youngstown, Warren, Boardman, Ohio, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Ohio, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Ohio.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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The 2010 United States Census population estimate was 65,062 people. The Mahoning Valley area as a whole has 763,207 residents.
The United States Census Bureau's 2011 American Community Survey estimated a median household income of $24,006. A 2007 report by CNNMoney.com stated that Youngstown has the lowest median income of any U.S. city with more than 65,000 residents. Between 1960 and 2010, the city's population declined by over 60%. Youngstown's vacant-housing rate is twenty times that of the national average.
According to the 2010 Census, Youngstown has 26,839 households and 15,150 families in the city. The population density is 755.2/km2 (1958.5/sq mi). There are 33,123 housing units at an average density of 968.5 per square mile (373.4/km2). The racial makeup of the city was 47.0% White, 45.2% African American, 0.4% Native American, 0.4% Asian, 0.02% Pacific Islander, 3.3% of some other race, and 3.7% from two or more races. Hispanic or Latino of any race were 9.3% of the population. The European ancestry included had 10.8% Italian, 10.8% Irish, 10.0% German, and 4.2% English ancestries. Among the Hispanic population, 5.7% are Puerto Rican, 1.9% Mexican, 0.1% Cuban, and 0.7% some other Hispanic or Latino.
Records suggest that 28.6% of the households have children under the age of 18. Of these, 25.6% are married couples living together, 24.8% have a female householder with no husband present, and 43.6% are non-families. Meanwhile, 37.8% of all households comprise a single person, and 14.5% of households comprise a person over 65 years of age living alone. The average household size is 2.28 and the average family size is 3.02.
The population is spread out with 22.8% under the age of 18, 10.8% from 18 to 24, 24.3% from 25 to 44, 26.2% from 45 to 64, and 15.8% who are 65 years of age or older. The median age is 38 years. For every 100 females there are 96.9 males. For every 100 females age 18 and over, there are 95 males.
Youngstown is the site of several steel and metalworking operations, though nothing on the scale seen during the "glory days" of the "Steel Valley". The largest employer in the city is Youngstown State University (YSU), an urban public campus that serves about 15,000 students, located just north of downtown.
The blow dealt to the community's industrial economy in the 1970s was slightly mitigated by the presence of auto production plants in the metropolitan area. In the late 1980s, the Avanti, an automobile with a fiberglass body originally designed by Studebaker to compete with the Corvette, was manufactured in an industrial complex on Youngstown's Albert Street. This company moved away after just a few years. A mainstay of Youngstown's industrial economy has long been the GM Lordstown plant. The General Motors' Lordstown Assembly plant is the largest industrial employer in the area. One of the nation's largest auto plants in terms of square feet, the Lordstown facility was home to production of the Chevrolet Impala, Vega, and Cavalier. It was recently expanded and retooled with a new paint facility.
The largest industrial employers within the Youngstown city limits are Vallourec Star Steel Company (formerly North Star Steel), in the Brier Hill district, and Exal Corporation on Poland Avenue. The latter has recently expanded its operations.
Youngstown's downtown, which once underscored the community's economic difficulties, is a site of new business growth. The Youngstown Business Incubator (YBI), in the heart of the downtown, houses several start-up technology companies that have received office space, furnishings, and access to utilities. Some companies supported by the incubator have earned recognition, and a few are starting to outgrow their current space. One such company–Turning Technologies–has been rated by Inc. Magazine as the fastest-growing privately held software company in the United States and 18th fastest-growing privately held company overall. In an effort to keep such companies downtown, the YBI secured approval to demolish a row of vacant buildings nearby to clear space for expansion. The project will be funded by a $2 million federal grant awarded in 2006. In 2014, the YBI was ranked as the number 1 university associated business incubator in the world by the Swedish UBII (University Business Incubator Index). In 2015, the YBI was the top University Associated Incubator in North America, and came in second to the Dublin Enterprise & Technology Centre, also known as the Guinness Enterprise Centre, in Dublin.
Extensive coverage of Youngstown's economic challenges has overshadowed the city's long entrepreneurial tradition. A number of products and enterprises introduced in Youngstown later became national household names. Among these is Youngstown-based Schwebel's Bakery, which was established in neighboring Campbell in the 20th century. The company now distributes bread products nationally. In the 1920s, Youngstown was the birthplace of the Good Humor brand of ice cream novelties, and the popular franchise of Handel's Homemade Ice Cream & Yogurt was established there in the 1940s. In the 1950s, Youngstown-born developer Edward J. DeBartolo, Sr. established one of the country's first modern shopping plazas in the suburb of Boardman. The fast-food chain, Arby's, opened the first of its restaurants in Boardman in 1964, and Arthur Treacher's Fish & Chips was headquartered in Youngstown in the late 1970s. More recently, the city's downtown hosted the corporate headquarters of the now-defunct pharmacy chain store Phar-Mor, which had been established by Youngstown native Mickey Monus.