Foreclosure Real Estate Market in Ottawa County, Ohio
Ottawa County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Ottawa County is approximately $256,771, reflecting a 6.7% year-over-year increase. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 45 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $75,000 to $550,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Ottawa County is driven by sectors such as tourism, manufacturing, and small businesses. The unemployment rate in Ottawa County is about 4.3%, which is close to the national average. The median household income in Ottawa County is approximately $57,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Ottawa County has a population of around 41,000 people. The demographic composition is predominantly White (about 94%), with a stable population size over recent years. The median age is approximately 48 years, indicating an older population. This demographic structure influences the demand for various types of housing and services, including healthcare and retirement facilities.
Educational Standing
Education in Ottawa County is served by several public school districts, including Benton-Carroll-Salem Local Schools and Danbury Local Schools. The county's educational attainment is comparable to the state average, with about 90% of residents having a high school diploma and around 20% holding a bachelor’s degree or higher. Schools in the area, such as Oak Harbor High School and Port Clinton Middle School, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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