Foreclosure Real Estate Market in Licking County, Ohio
Licking County, Ohio, offers attractive opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Licking County is approximately $300,000, reflecting a year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 50 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $150,000 to $500,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Licking County is driven by sectors such as manufacturing, healthcare, and education. The unemployment rate in Licking County is about 4.1%, which is close to the national average. The median household income in Licking County is approximately $70,000, reflecting the region's diverse economic base and relatively affluent community.
Demographic Profile
Licking County has a population of around 180,000 people. The demographic composition is predominantly White (about 90%), with growing diversity. 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 senior services.
Educational Standing
Education in Licking County is served by several public school districts, including Newark City Schools and Licking Heights 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 27% holding a bachelor’s degree or higher. Schools in the area, such as Newark High School and Licking Heights High School, generally receive strong ratings, reflecting efforts to maintain high educational standards.
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