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Columbus vs Youngstown for Rental Property Investing

Side-by-side comparison of Columbus, OH and Youngstown, OH — cap rates, rent, prices, and investment metrics.

Columbus wins 4–3 across key metrics
Youngstown leads on cash flow (5.92% vs 3.53% cap rate) · Columbus leads on population growth
Metric
Columbus, OH
Youngstown, OH
Est. Cap Rate
3.53%
5.92%
Median Home Price
$265,000
$95,000
Median Monthly Rent
$1,380
$720
1% Rule
0.52%
0.76%
GRM
16.0x
11.0x
Price / Income
4.6x
3.1x
Property Tax Rate
1.56%
1.6%
Vacancy Rate
5.7%
8.5%
Population Growth
1.2% / yr
-0.5% / yr
Annual Appreciation
3.2%
1.5%
Population
907,971
62,000
Median Income
$57,800
$30,800

Columbus vs Youngstown: Which Is Better for Investors?

Cash flow: Youngstown has the edge with an estimated cap rate of 5.92% compared to Columbus's 3.53%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $265,000 in Columbus vs $95,000 in Youngstown, while rents come in at $1,380/mo and $720/mo respectively.

Growth & appreciation: Columbus is growing faster at 1.2% annually, while Youngstown is losing population. Columbus leads on home value appreciation at 3.2% per year.

Costs & risk: Property taxes are 1.56% in Columbus vs 1.6% in Youngstown. Vacancy rates of 5.7% and 8.5% are mixed — Columbus has the tighter rental market.

Bottom line: Columbus edges out Youngstown on most key metrics. While cap rates are moderate at 3.53%, Columbus's overall profile is stronger. Use our free calculators to model specific deals in Columbus or Youngstown.

Columbus, OH
3.53% cap rate · $265,000 median · $1,380/mo
Full analysis →
Youngstown, OH
5.92% cap rate · $95,000 median · $720/mo
Full analysis →
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