Allen County Foreclosures

Foreclosure Real Estate Market in Allen County, Ohio

Allen County, Ohio, presents a compelling real estate market for those seeking foreclosure properties. As of mid-2024, the median home price in Allen County is approximately $160,000, showing a slight decline compared to the previous year. Foreclosure properties offer opportunities to acquire homes below market value. Properties typically spend around 26 days on the market, indicating a brisk market with high activity. The county has seen a variety of recent sales, including foreclosures, ranging from $145,000 to $313,445, reflecting diverse investment opportunities.

Economic Overview

The economy of Allen County is driven by manufacturing, healthcare, and education sectors. The county's unemployment rate is about 4.2% as of early 2024, slightly below the state average. The median household income in Allen County is approximately $50,000, which is modest compared to both state and national averages. This economic profile aligns with the mixed urban and rural nature of the region.

Demographic Profile

Allen County has a population of around 102,000 people. The demographic composition is predominantly White (about 85%), with a stable population size over recent years. The median age is approximately 39 years, indicating a balanced age distribution. This demographic structure can influence the demand for various types of housing and services, such as family-oriented facilities and healthcare.

Educational Standing

Education in Allen County is served by several public school districts, including Lima City Schools and Bath Local Schools. The county's educational attainment is comparable to the state average, with about 87% of residents having a high school diploma and around 20% holding a bachelor’s degree or higher. Schools in the area, such as Bath Elementary and Spencerville Elementary, generally receive good ratings, reflecting ongoing efforts to improve educational outcomes.