Foreclosure Real Estate Market in Putnam County, Ohio
Putnam County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Putnam County is approximately $210,000, reflecting a stable market trend. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 55 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $150,000 to $400,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Putnam County is driven by sectors such as manufacturing, agriculture, and small businesses. The unemployment rate in Putnam County is about 3.8%, which is lower than the national average. The median household income in Putnam County is approximately $70,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Putnam County has a population of around 34,000 people. The demographic composition is predominantly White (about 97%), 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 Putnam County is served by several public school districts, including Ottawa-Glandorf Local Schools and Leipsic 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 Ottawa-Glandorf High School and Leipsic Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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