Cuyahoga County Foreclosures

Foreclosure Real Estate Market in Cuyahoga County, Ohio

Cuyahoga County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Cuyahoga County is approximately $193,121, reflecting a year-over-year increase of 4.5%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 45 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $89,000 to $400,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Cuyahoga County is driven by sectors such as healthcare, education, and manufacturing. The unemployment rate in Cuyahoga County is about 5.1%, which is slightly higher than the national average. The median household income in Cuyahoga County is approximately $53,000, reflecting the region's mixed urban and suburban character.

Demographic Profile

Cuyahoga County has a population of around 1.25 million people. The demographic composition is diverse, with significant representation from various ethnic groups. The median age is approximately 41 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 Cuyahoga County is served by numerous public school districts, including Cleveland Metropolitan School District and Parma City School District. The county's educational attainment is higher than the state average, with about 90% of residents having a high school diploma and around 30% holding a bachelor’s degree or higher. Schools in the area, such as Grace L Roxbury Elementary and Kensington Intermediate Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.