Foreclosure Real Estate Market in Mercer County, Ohio
Mercer County, Ohio, offers promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Mercer County is approximately $189,000, reflecting a significant decrease from previous months. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 46 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $120,000 to $475,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Mercer County is driven by sectors such as manufacturing, agriculture, and small businesses. The unemployment rate in Mercer County is about 4.3%, which is close to the national average. The median household income in Mercer County is approximately $56,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Mercer County has a population of around 41,000 people. The demographic composition is predominantly White (about 97%), with a stable population size over recent years. The median age is approximately 41 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 Mercer County is served by several public school districts, including Celina City Schools and Coldwater Exempted Village 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. Scho
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