Foreclosure Real Estate Market in Portage County, Ohio
Portage County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Portage County is approximately $248,913, reflecting a stable market trend. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 48 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $95,000 to $415,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Portage County is driven by sectors such as healthcare, education, and manufacturing. The unemployment rate in Portage County is about 4.1%, which is close to the national average. The median household income in Portage County is approximately $61,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Portage County has a population of around 161,000 people. The demographic composition is predominantly White (about 90%), with growing diversity. The median age is approximately 39 years, indicating a balanced age distribution. This demographic structure influences the demand for various types of housing and services, including family-oriented facilities and senior services.
Educational Standing
Education in Portage County is served by several public school districts, including Kent City Schools and Ravenna City Schools. The county's educational attainment is higher than the state average, with about 91% of residents having a high school diploma and around 27% holding a bachelor’s degree or higher. Schools in the area, such as Walls Elementary School and Brimfield Elementary School, generally receive strong ratings, reflecting efforts to maintain high educational standards.
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