Foreclosure Real Estate Market in Ross County, Ohio
Ross County, Ohio, offers promising opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Ross County is approximately $205,000, reflecting a slight year-over-year decrease. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 52 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $70,000 to $285,000, showcasing diverse investment opportunities.
Economic Overview
The economy of Ross County is driven by sectors such as healthcare, manufacturing, and small businesses. The unemployment rate in Ross County is about 4.5%, which is close to the national average. The median household income in Ross County is approximately $52,000, reflecting the region's mixed urban and rural character.
Demographic Profile
Ross County has a population of around 77,000 people. The demographic composition is predominantly White (about 90%), 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 Ross County is served by several public school districts, including Chillicothe City Schools and Adena Local Schools. The county's educational attainment is comparable to the state average, with about 88% of residents having a high school diploma and around 18% holding a bachelor’s degree or higher. Schools in the area, such as Chillicothe High School and Adena Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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