Foreclosure Real Estate Market in Medina County, Ohio
Medina County, Ohio, offers promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Medina County is approximately $325,000, reflecting a 10.5% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 40 days on the market, indicating a highly active market. Recent sales, including foreclosures, range from $180,000 to $600,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Medina County is driven by sectors such as manufacturing, healthcare, and small businesses. The unemployment rate in Medina County is about 3.9%, which is lower than the national average. The median household income in Medina County is approximately $80,000, reflecting the region's relatively affluent character.
Demographic Profile
Medina County has a population of around 179,000 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 Medina County is served by several public school districts, including Medina City Schools and Wadsworth City Schools. The county's educational attainment is higher than the state average, with about 91% of residents having a high school diploma and around 30% holding a bachelor’s degree or higher. Schools in the area, such as Granger Elementary and Wadsworth Middle School, generally receive excellent ratings, reflecting efforts to maintain strong educational standards.
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