Foreclosure Real Estate Market in Adams County, Ohio
Adams County, Ohio, presents an interesting real estate market for those seeking foreclosure properties. As of mid-2024, the median home price in Adams County is approximately $169,000, showing a steady appreciation trend over recent years. Foreclosure properties typically offer investors opportunities to acquire homes below market value. Properties generally spend around 50 days on the market, indicating a balanced market with moderate activity. The county has seen a variety of recent sales, including foreclosures, ranging from $95,500 to $249,000, reflecting diverse investment opportunities from modest single-family homes to larger properties.
Economic Overview
The economy of Adams County is predominantly driven by agriculture, manufacturing, and small businesses. The county's unemployment rate was about 6.5% as of early 2024, slightly above the state average. The median household income in Adams County is approximately $42,000, which is below both state and national averages. This economic profile aligns with the rural and agricultural nature of the region.
Demographic Profile
Adams County has a population of around 27,000 people. The demographic composition is primarily White (about 97%), with a stable population size over recent years. The median age is approximately 41 years, indicating a significant proportion of older residents. This demographic structure can influence the demand for specific types of housing and services, such as retirement-friendly facilities and healthcare.
Educational Standing
Education in Adams County is served by several public school districts, including the Adams County Ohio Valley School District. The county's educational attainment is lower than the state average, with about 80% of residents having a high school diploma and only around 10% holding a bachelor’s degree or higher. Schools in the area, such as Manchester Elementary and Peebles Elementary, generally receive moderate ratings, reflecting ongoing efforts to improve educational outcomes amidst funding and resource challenges.
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