Ashtabula County Foreclosures

Foreclosure Real Estate Market in Ashtabula County, Ohio

Ashtabula County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Ashtabula County is approximately $224,600, reflecting a significant increase of 24.8% year-over-year. Foreclosure properties provide chances to purchase homes below market value. Homes typically spend around 45 days on the market, indicating a reasonably active market. Recent sales, including foreclosures, range from $60,000 to $206,500, showcasing diverse investment opportunities.

Economic Overview

The economy of Ashtabula County is supported by manufacturing, healthcare, and agriculture sectors. The unemployment rate is about 5.1% as of early 2024, aligning with the national average. The median household income in Ashtabula County is approximately $47,000, reflecting the mixed urban and rural character of the region.

Demographic Profile

Ashtabula County has a population of around 98,000 people. The demographic composition is predominantly White (about 92%), with a stable population size over recent years. The median age is approximately 42 years, indicating a mature population. This demographic structure influences the demand for various types of housing and services, including healthcare and retirement facilities.

Educational Standing

Education in Ashtabula County is served by several public school districts, including Ashtabula Area City Schools and Geneva Area City Schools. The county's educational attainment is comparable to the state average, with about 88% of residents having a high school diploma and around 17% holding a bachelor’s degree or higher. Schools in the area, such as Lakeside Intermediate and Geneva Platt R. Spencer Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.