Franklin County Foreclosures

Foreclosure Real Estate Market in Franklin County, Ohio

Franklin County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Franklin County is approximately $300,000, reflecting a year-over-year increase of 3.5%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 43 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $260,000 to $710,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Franklin County is driven by sectors such as healthcare, education, and technology. The unemployment rate in Franklin County is about 3.9%, which is close to the national average. The median household income in Franklin County is approximately $65,000, reflecting the region's strong economic base and relatively affluent character.

Demographic Profile

Franklin County has a population of around 1.32 million people. The demographic composition is diverse, with significant representation from various ethnic groups. The median age is approximately 35 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 Franklin County is served by several public school districts, including Columbus City Schools and Dublin City Schools. The county's educational attainment is higher than the state average, with about 90% of residents having a high school diploma and around 35% holding a bachelor’s degree or higher. Schools in the area, such as New Albany Primary School and Sycamore Creek Elementary, generally receive excellent ratings, reflecting efforts to maintain strong educational standards.