Foreclosure Real Estate Market in Lucas County, Ohio
Lucas County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Lucas County is approximately $194,900, reflecting a significant year-over-year increase of 21.8%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 19 days on the market, indicating a highly active market. Recent sales, including foreclosures, range from $39,000 to $350,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Lucas County is driven by sectors such as manufacturing, healthcare, and education. The unemployment rate in Lucas County is about 5.2%, which is slightly higher than the national average. The median household income in Lucas County is approximately $55,000, reflecting the region's mixed urban and suburban character.
Demographic Profile
Lucas County has a population of around 431,000 people. The demographic composition is diverse, with significant representation from various ethnic groups. The median age is approximately 38 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 Lucas County is served by several public school districts, including Toledo Public Schools and Sylvania City Schools. The county's educational attainment is comparable to the state average, with about 88% of residents having a
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