Foreclosure Real Estate Market in Hancock County, Ohio
Hancock County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Hancock County is approximately $285,000, reflecting a year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 51 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $120,000 to $299,900, showcasing diverse investment opportunities.
Economic Overview
The economy of Hancock County is driven by sectors such as manufacturing, healthcare, and small businesses. The unemployment rate in Hancock County is about 4.3%, which is close to the national average. The median household income in Hancock County is approximately $56,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Hancock County has a population of around 75,000 people. The demographic composition is predominantly White (about 94%), with a stable population size over recent years. The median age is approximately 39 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 Hancock County is served by several public school districts, including Findlay City Schools and Liberty-Benton Local Schools. The county's educational attainment is higher than the state average, with about 91% of residents having a high school diploma and around 28% holding a bachelor’s degree or higher. Schools in the area, such as Findlay High School and Liberty-Benton Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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