Foreclosure Real Estate Market in Miami County, Ohio
Miami County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Miami County is approximately $250,000, reflecting a 4.1% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 32 days on the market, indicating a highly active market. Recent sales, including foreclosures, range from $209,900 to $547,500, showcasing diverse investment opportunities.
Economic Overview
The economy of Miami County is driven by sectors such as manufacturing, healthcare, and small businesses. The unemployment rate in Miami County is about 4.1%, which is close to the national average. The median household income in Miami County is approximately $63,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Miami County has a population of around 108,000 people. The demographic composition is predominantly White (about 95%), with a stable population size over recent years. 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 Standing
Education in Miami County is served by several public school districts, including Troy City Schools and Piqua City Schools. The county's educational attainment is comparable to the state average, with about 90% of residents having a high school diploma and around 22% holding a bachelor’s degree or higher. Schools in the area, such as L. T. Ball Intermediate School and Newton Elementary School, generally receive good ratings, reflecting efforts to maintain strong educational standards.
Unlock your foreclosure investing potential today!
Sign up for a free account in as little as a minute, or connect with our team to see how we can help you achieve your foreclosure investing goals.