Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)

Iryna Demko; Molly Schnoke; Rachel Lefebre; Isabella McKnight; Merissa Piazza

Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)

Iryna Demko, Molly Schnoke, Rachel Lefebre, Isabella McKnight, Merissa Piazza

Cleveland State University

Research output: Other contribution

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”.

Original language	American English
State	Published - Jan 1 2021

Keywords

Economic Development Strategy and Policy
Industry Analysis
Economic Analysis of Cities and Regions

Disciplines

Urban Studies and Planning

Access to Document

Housing Market Pressures in Youngstown during the GM Plant ClosurFinal published version, 864 KBLicense: CC BY
Housing Market Pressures in Youngstown during the GM Plant ClosurFinal published version, 864 KBLicense: CC BY

Cite this

@misc{b8529da47a574382899a93635db6e771,

title = "Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)",

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”.",

keywords = "Economic Development Strategy and Policy, Industry Analysis, Economic Analysis of Cities and Regions",

author = "Iryna Demko and Molly Schnoke and Rachel Lefebre and Isabella McKnight and Merissa Piazza",

year = "2021",

month = jan,

day = "1",

language = "American English",

type = "Other",

}

TY - GEN

T1 - Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)

AU - Demko, Iryna

AU - Schnoke, Molly

AU - Lefebre, Rachel

AU - McKnight, Isabella

AU - Piazza, Merissa

PY - 2021/1/1

Y1 - 2021/1/1

N2 - 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”.

AB - 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”.

KW - Economic Development Strategy and Policy

KW - Industry Analysis

KW - Economic Analysis of Cities and Regions

UR - https://engagedscholarship.csuohio.edu/urban_facpub/1719

M3 - Other contribution

ER -

Housing Market Pressures in Youngstown during the GM Plant Closure (2016 to 2019)

Abstract

Keywords

Disciplines

Access to Document

Other files and links

Cite this