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Mahoning County, OH

RANK #11 / 996  ·  POP 227,979  ·  OH

PROJECTED GROWTH: +4.5%

Mahoning County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Mahoning County?

Mahoning County, Ohio, is often recognized for Mill Creek MetroParks, one of the largest metropolitan parks in the United States, offering over 4,500 acres of diverse landscapes, including waterfalls, gardens, and 45 miles of trails for hiking and biking. Located in Northeast Ohio, Mahoning County sits roughly midway between Cleveland and Pittsburgh, with both major cities accessible within an hour's drive. This proximity influences commute patterns, with many residents traveling to nearby urban centers. The community maintains a blend of urban and suburban characteristics, with towns like Canfield and Poland offering highly-rated public schools.

Life in Mahoning County balances historical roots with forward-looking development. The area, once a steel industry hub, has seen a shift towards diversification. While many residents own their homes, the county attracts a mix of young professionals and retirees. Recent economic activity includes investments in advanced manufacturing and technology sectors, with projects focused on aerospace and defense innovation. Efforts are also underway to develop workforce housing and improve infrastructure, aiming to support a growing workforce and enhance the overall quality of life.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.9%

Below national median

Home Prices
+6.7%

Outpacing national median

Climate & Terrain
-1.7

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Mahoning County U.S. National

The Numbers

DEMOGRAPHICS
Population
227,979
-0.46% YoY
Median Household Income
$54,279
Median Home Value
$132,000
+6.71% 12mo
Median Rent
$753
Average Annual Pay
$51,623
+3.8% YoY
Employment
93,784
+0.2% YoY
Income-to-Home-Value
0.4112
More affordable than average
Migration Inflow
2.51%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$185,000
Days on Market
69
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
95.4%
Negotiation room for buyers
Sold Above List
15.0%
Listings w/ Price Drops
23.7%
Building Permits (2024)
147
Single-Family Permits
138

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$4,280M
TOTAL
PROJECT AMOUNT STATUS
Lordstown Data Center Campus (Stargate Project)
Bristolville 25 Developer LLC (in collaboration with OpenAI, Oracle, and SoftBank Group Corp.)
$3,600M Proposed
Former US Steel McDonald Work Site Data Center
Allied Partners Inc.
$500M Proposed
Western Reserve Road Widening Project
Mahoning County
$50M Planned
Bridge Rehabilitation/Painting Project (Multiple Bridges)
Mahoning County
$50M Planned
Mahoning County Land Bank New Home Construction Portfolio
Mahoning County Land Bank and YNDC
$50M Completed/Under Construction
Amazon Distribution Center (Bazetta Township)
Amazon
$30M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.9% 32 percentile
Population Growth -0.5% 12 percentile
Income Growth +7.0% 17 percentile
Vacancy Rate 1.2% 42 percentile
Home Price Change +6.7% 96 percentile
Rent Growth +7.9% 94 percentile
Price/Rent 10x 87 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Mahoning County, OH a good place to move to?

Mahoning County has a Boom Town Index score of 99/100, ranking #11 among 996 U.S. counties. With job growth at +0.2% and a median household income of $54,279, it's an above-average county on economic indicators.

Is Mahoning County affordable?

The median home value in Mahoning County is $132,000 with median rent at $753/month. The income-to-home-value ratio is 0.4112, which is more affordable than the national average.

Is Mahoning County growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: +0.2%. Home values changed +6.7% in the past 12 months.

Are people moving to Mahoning County?

Yes — 2.51% of Mahoning County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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