Delaware County Foreclosures

Foreclosure Real Estate Market in Delaware County, Ohio

Delaware County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Delaware County is approximately $474,930, reflecting a year-over-year increase of 5.5%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 37 days on the market, indicating a highly active market. Recent sales, including foreclosures, range from $290,000 to $1,500,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Delaware County is driven by sectors such as healthcare, education, and technology. The unemployment rate in Delaware County is about 3.6%, which is lower than the national average. The median household income in Delaware County is approximately $106,000, reflecting the region's affluent character and strong economic base.

Demographic Profile

Delaware County has a population of around 215,000 people. The demographic composition is diverse, with significant representation from various ethnic groups. The median age is approximately 38 years, indicating a relatively young and dynamic population. This demographic structure influences the demand for various types of housing and services, including family-oriented facilities and healthcare.

Educational Standing

Education in Delaware County is served by several public school districts, including Olentangy Local Schools and Delaware City Schools. The county's educational attainment is higher than the state average, with about 95% of residents having a high school diploma and around 45% holding a bachelor’s degree or higher. Schools in the area, such as Tyler Run Elementary and Scioto Ridge Elementary, generally receive excellent ratings, reflecting efforts to maintain strong educational standards.