Holmes County Foreclosures

Foreclosure Real Estate Market in Holmes County, Ohio

Holmes County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Holmes County is approximately $279,000, reflecting a 40.2% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 65 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $195,000 to $450,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Holmes County is driven by sectors such as manufacturing, agriculture, and small businesses. The unemployment rate in Holmes County is about 3.8%, which is lower than the national average. The median household income in Holmes County is approximately $62,000, reflecting the region's relatively affluent character.

Demographic Profile

Holmes County has a population of around 43,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. The median age is approximately 37 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 Holmes County is served by several public school districts, including East Holmes Local Schools and West Holmes Local Schools. The county's educational attainment is higher than the state average, with about 90% of residents having a high school diploma and around 25% holding a bachelor’s degree or higher. Schools in the area, such as Killbuck Elementary and Chestnut Ridge Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.