Foreclosure Real Estate Market in Champaign County, Ohio
Champaign County, Ohio, presents promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Champaign County is approximately $218,900, reflecting a slight year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 44 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $14,000 to $700,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Champaign County is supported by agriculture, manufacturing, and small businesses. The unemployment rate is approximately 4.1%, aligning closely with the national average. The median household income in Champaign County is around $53,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Champaign County has a population of around 39,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. The median age is approximately 42 years, indicating a balanced age distribution. This demographic structure influences the demand for various types of housing and services, including family-oriented facilities and healthcare.
Educational Standing
Education in Champaign County is served by several public school districts, including Urbana City Schools and Graham Local Schools. The county's educational attainment is comparable to the state average, with about 90% of residents having a high school diploma and around 20% holding a bachelor’s degree or higher. Schools in the area, such as West Liberty-Salem Elementary and Triad Middle School, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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