Lawrence County Foreclosures

Foreclosure Real Estate Market in Lawrence County, Ohio

Lawrence County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Lawrence County is approximately $199,500, reflecting a significant year-over-year increase of 28.8%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 70 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $100,000 to $300,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Lawrence County is driven by sectors such as manufacturing, healthcare, and small businesses. The unemployment rate in Lawrence County is about 5.1%, which is slightly higher than the national average. The median household income in Lawrence County is approximately $45,000, reflecting the region's mixed urban and rural character.

Demographic Profile

Lawrence County has a population of around 58,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. The median age is approximately 42 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 Lawrence County is served by several public school districts, including Rock Hill Local Schools and South Point Local Schools. The county's educational attainment is comparable to the state average, with about 85% of residents having a high school diploma and around 15% holding a bachelor’s degree or higher. Schools in the area, such as Burlington Elementary and Chesapeake Elementary, generally receive moderate ratings, reflecting efforts to maintain strong educational standards.