Seneca County Foreclosures

Foreclosure Real Estate Market in Seneca County, Ohio

Seneca County, Ohio, presents valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Seneca County is approximately $159,900, reflecting a significant year-over-year increase of 14.2%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 62 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $57,000 to $375,000, showcasing diverse investment opportunities.

Economic Overview

The economy of Seneca County is driven by sectors such as manufacturing, agriculture, and healthcare. The unemployment rate in Seneca County is about 4.3%, which is close to the national average. The median household income in Seneca County is approximately $56,529, reflecting the region's economic stability and mixed urban-rural character.

Demographic Profile

Seneca County has a population of around 55,000 people. The demographic composition is predominantly White (about 95%), with other ethnic groups making up the remaining percentage. The median age is approximately 42 years, indicating a mature population. This demographic structure influences the demand for various types of housing and services, including family-oriented facilities and healthcare.

Educational Standing

Education in Seneca County is served by several public school districts, including Tiffin City Schools and Seneca East Local Schools. The county's educational attainment is comparable to the state average, with about 89% of residents having a high school diploma and around 21% holding a bachelor’s degree or higher. Schools in the area, such as Seneca East Elementary and Tiffin Middle School, generally receive good ratings, reflecting efforts to maintain strong educational standards.