Foreclosure Real Estate Market in Athens County, Ohio
Athens County, Ohio, provides promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Athens County is approximately $224,000, reflecting a significant year-over-year increase of 17.9%. Foreclosure properties often allow investors to purchase homes below market value. Homes typically spend around 41 days on the market, indicating a relatively active market. Recent sales, including foreclosures, have ranged from $70,000 to $549,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Athens County is supported by education, healthcare, and manufacturing sectors. The unemployment rate is about 5.0% as of early 2024, aligning closely with the national average. The median household income in Athens County is approximately $45,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Athens County has a population of around 65,000 people. The demographic composition is predominantly White (about 90%), with a stable population size over recent years. The median age is approximately 30 years, influenced by the presence of Ohio University. This youthful demographic affects the demand for various types of housing and services, including rental properties and educational facilities.
Educational Standing
Education in Athens County is served by several public school districts, including Athens City Schools and Alexander Local Schools. The county's educational attainment is higher than the state average, with about 90% of residents having a high school diploma and around 25% holding a bachelor’s degree or higher. Schools in the area, such as East Elementary and Morrison Elementary, receive moderate ratings, reflecting efforts to improve educational outcomes.
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