Mahoning County Foreclosures

Foreclosure Real Estate Market in Mahoning County, Ohio

Mahoning County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Mahoning County is approximately $159,372, reflecting a 9.9% 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 $40,000 to $215,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Mahoning County is driven by sectors such as manufacturing, healthcare, and education. The unemployment rate in Mahoning County is about 5.1%, which is slightly higher than the national average. The median household income in Mahoning County is approximately $47,000, reflecting the region's mixed urban and rural character.

Demographic Profile

Mahoning County has a population of around 228,000 people. The demographic composition is predominantly White (about 80%), with significant representation from various ethnic groups. 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 Mahoning County is served by several public school districts, including Youngstown City Schools and Boardman Local Schools. The county's educational attainment is comparable to the state average, with about 88% of residents having a high school diploma and around 20% holding a bachelor’s degree or higher. Schools in the area, such as Stadium Drive Elementary and Canfield Village Middle School, generally receive good ratings, reflecting efforts to maintain strong educational standards.