Fayette County Foreclosures

Foreclosure Real Estate Market in Fayette County, Ohio

Fayette County, Ohio, offers promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Fayette County is approximately $213,266, reflecting a 12.1% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 57 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $26,500 to $267,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Fayette County is driven by sectors such as agriculture, manufacturing, and small businesses. The unemployment rate in Fayette County is about 4.3%, which is close to the national average. The median household income in Fayette County is approximately $50,000, reflecting the region's mixed urban and rural character.

Demographic Profile

Fayette County has a population of around 28,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. 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 Fayette County is served by several public school districts, including Washington Court House City Schools and Miami Trace Local Schools. The county's educational attainment is comparable to the state average, with about 87% of residents having a high school diploma and around 18% holding a bachelor’s degree or higher. Schools in the area, such as Miami Trace Elementary and Belle Aire Intermediate, generally receive moderate ratings, reflecting ongoing efforts to improve educational outcomes.