Introduction

Investing in rental properties can be a lucrative venture, but the key to success lies in choosing the right property in the right location. A good rental property should be in a desirable area with strong rental demand, affordable home prices, and potential for appreciation. It should also offer a good return on investment (ROI) and be conveniently located near amenities and work-related travel destinations. Mahoning County, OH, with its diverse neighborhoods and vibrant community, presents an excellent opportunity for rental property investors.

Best Neighborhoods and Areas in Mahoning County, OH

1. Boardman

Grades:

• Convenience: A
• Tourist Attractions: B
• Things to Do: B+
• Avg Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A-
• X-Factor: A

Convenience: A
Boardman offers a high level of convenience with its extensive retail options, including the Southern Park Mall, numerous grocery stores, and a variety of dining establishments. Its well-developed infrastructure ensures easy access to major highways and public transportation.

Tourist Attractions: B
While not a major tourist hub, Boardman boasts attractions like the Boardman Park, a large green space ideal for outdoor activities, and the Mill Creek Golf Course.

Things to Do: B+
Residents can enjoy recreational activities in Boardman Park, shopping at local boutiques, and dining at diverse restaurants. The community center hosts various events throughout the year.

Avg Home Prices: B
Boardman offers relatively affordable home prices compared to other regions, making it an attractive option for investors. The median home price is around $150,000.

Return on Investment: A
With its strong rental demand and affordable property prices, Boardman provides an excellent return on investment. The rental market is robust, and properties tend to appreciate steadily.

Proximity to Work-Related Travel: A-
Boardman is conveniently located near major employers and institutions like St. Elizabeth Boardman Hospital and Youngstown State University. Its proximity to Interstate 680 makes commuting to nearby cities easy.

X-Factor: A
Boardman's unique charm lies in its blend of suburban tranquility and urban convenience. The area's well-maintained parks, vibrant community events, and excellent school system add to its desirability.

2. Canfield

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Avg Home Prices: B-
• Return on Investment: B+
• Proximity to Work-Related Travel: B+
• X-Factor: A-

Convenience: B+
Canfield offers a quieter, more suburban feel with essential amenities readily available. The area is well-served by local shops, restaurants, and healthcare facilities.

Tourist Attractions: B
Canfield is home to several historical sites and annual events like the Canfield Fair, which attracts visitors from across the region.

Things to Do: B+
The community boasts a range of activities, including parks, golf courses, and community events. Canfield Green provides a scenic spot for outdoor relaxation and recreation.

Avg Home Prices: B-
Home prices in Canfield are slightly higher, with a median price of around $200,000. However, the quality of life and amenities justify the investment.

Return on Investment: B+
Canfield offers a good ROI due to its desirable location and steady rental demand. Properties here tend to retain their value well over time.

Proximity to Work-Related Travel: B+
Canfield's location offers reasonable access to major employment centers in Mahoning County and nearby areas. The area's infrastructure supports easy commuting.

X-Factor: A-
Canfield's strong sense of community, excellent schools, and safe, family-friendly environment make it a unique and appealing choice for investors.

3. Poland

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B
• Avg Home Prices: B
• Return on Investment: B
• Proximity to Work-Related Travel: B+
• X-Factor: B+

Convenience: B+
Poland is known for its convenience, offering a variety of local shops, dining options, and essential services. The area is well-connected to major roads and highways.

Tourist Attractions: B
While Poland may not have major tourist attractions, it offers charming historical sites and beautiful parks such as Poland Village Park and Poland Municipal Forest.

Things to Do: B
Residents enjoy a range of activities including hiking, local festivals, and community events. The Poland Library is a popular spot for cultural and educational activities.

Avg Home Prices: B
Home prices in Poland are moderate, with a median price around $180,000. The area offers a good balance of affordability and quality.

Return on Investment: B
Poland provides a solid ROI with stable rental demand and property values. It's a steady, reliable market for investors.

Proximity to Work-Related Travel: B+
Poland's location is advantageous for commuting to nearby employment centers. The area has good road connectivity, making travel convenient.

X-Factor: B+
Poland's unique appeal lies in its historical charm and strong community spirit. The well-preserved architecture and friendly atmosphere make it a desirable place to live.

4. Austintown

Grades:

• Convenience: A-
• Tourist Attractions: B-
• Things to Do: B
• Avg Home Prices: B+
• Return on Investment: B+
• Proximity to Work-Related Travel: A-
• X-Factor: B

Convenience: A-
Austintown is highly convenient with numerous shopping centers, restaurants, and recreational facilities. The area is well-served by public transportation and major highways.

Tourist Attractions: B-
Austintown may not have many tourist attractions, but it offers local favorites like the Austintown Township Park and Hollywood Gaming at Mahoning Valley Race Course.

Things to Do: B
Residents can enjoy a variety of activities including parks, entertainment venues, and community events. The area has a lively social scene with various dining and entertainment options.

Avg Home Prices: B+
Austintown offers affordable home prices with a median around $140,000, making it an attractive investment option.

Return on Investment: B+
The area provides a good ROI with strong rental demand and affordable property prices. It's a stable market for investors seeking steady returns.

Proximity to Work-Related Travel: A-
Austintown's location near major highways and employers like Mercy Health and General Motors Lordstown makes it ideal for work-related travel.

X-Factor: B
Austintown's unique appeal lies in its affordability and convenient location. The area offers a good quality of life with a range of amenities and services.

5. Youngstown

Grades:

• Convenience: B
• Tourist Attractions: B+
• Things to Do: B+
• Avg Home Prices: A-
• Return on Investment: B+
• Proximity to Work-Related Travel: B+
• X-Factor: A

Convenience: B
Youngstown offers a mix of urban and suburban conveniences with numerous shops, restaurants, and services available. The city's infrastructure supports easy commuting.

Tourist Attractions: B+
Youngstown is home to several notable attractions including the Butler Institute of American Art, Fellows Riverside Gardens, and the Covelli Centre.

Things to Do: B+
Residents can enjoy a wide range of activities such as attending events at the Covelli Centre, visiting museums, and exploring local parks. The city has a vibrant arts and culture scene.

Avg Home Prices: A-
Youngstown offers some of the most affordable home prices in the county, with a median price around $100,000. This makes it an attractive option for investors looking for lower entry costs.

Return on Investment: B+
The city provides a good ROI with strong rental demand and low property prices. The rental market is robust, and properties have potential for appreciation.

Proximity to Work-Related Travel: B+
Youngstown's central location and access to major highways make it convenient for commuting to nearby employment centers. The city is home to Youngstown State University and several major employers.

X-Factor: A
Youngstown's rich history, cultural diversity, and revitalization efforts make it a unique and appealing place to invest. The city's ongoing development projects and community initiatives add to its allure.

Conclusion

Mahoning County, OH, offers a variety of neighborhoods and areas that present excellent opportunities for rental property investors. Each area has its unique advantages and potential for strong returns on investment. By carefully considering factors such as convenience, attractions, home prices, and proximity to work-related travel, investors can unlock the full potential of their rental properties in this vibrant county.