Foreclosure Real Estate Market in Morrow County, Ohio
Morrow County, Ohio, offers promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Morrow County is approximately $256,000, reflecting a stable market trend. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 25 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $150,000 to $300,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Morrow County is driven by sectors such as agriculture, manufacturing, and small businesses. The unemployment rate in Morrow County is about 4.3%, which is close to the national average. The median household income in Morrow County is approximately $57,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Morrow County has a population of around 35,000 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 Morrow County is served by several public school districts, including Mount Gilead Exempted Village Schools and Northmor Local Schools. The county's educational attainment is comparable to the state average, with about 87% of residents having a high school diploma and around 18% holding a bachelor’s degree or higher. Schools in the area, such as Mount Gilead High School and Northmor Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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