Foreclosure Real Estate Market in Marion County, Ohio
Marion County, Ohio, presents promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Marion County is approximately $160,000, reflecting a 4.2% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 60 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $75,000 to $300,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Marion County is driven by sectors such as manufacturing, healthcare, and education. The unemployment rate in Marion County is about 4.7%, which is close to the national average. The median household income in Marion County is approximately $48,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Marion County has a population of around 65,000 people. The demographic composition is predominantly White (about 85%), with African Americans and other ethnic groups making up the rest. The median age is approximately 40 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
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