Foreclosure Real Estate Market in Pike County, Ohio
Pike County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Pike County is approximately $132,000, reflecting a stable market trend. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 65 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $50,000 to $250,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Pike County is driven by sectors such as manufacturing, healthcare, and small businesses. The unemployment rate in Pike County is about 5.3%, which is slightly higher than the national average. The median household income in Pike County is approximately $45,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Pike County has a population of around 28,000 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 Pike County is served by several public school districts, including Waverly City Schools and Eastern Local Schools. The county's educational attainment is comparable to the state average, with about 85% of residents having a high school diploma and around 14% holding a bachelor’s degree or higher. Schools in the area, such as Waverly High School and Jasper Elementary, generally receive moderate ratings, reflecting efforts to maintain strong educational standards.
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