Foreclosure Real Estate Market in Shelby County, Ohio
Shelby County, Ohio, offers valuable opportunities for those interested in foreclosure properties. As of mid-2024, the median home price in Shelby County is approximately $223,144, reflecting a year-over-year increase of 7.4%. Foreclosure properties often provide chances to purchase homes below market value. Homes typically spend around 51 days on the market, indicating a moderately active market. Recent sales, including foreclosures, range from $140,000 to $352,100, showcasing diverse investment opportunities.
Economic Overview
The economy of Shelby County is driven by sectors such as manufacturing, agriculture, and small businesses. The unemployment rate in Shelby County is about 4.0%, which is close to the national average. The median household income in Shelby County is approximately $68,465, reflecting the region's economic stability and growing affluence.
Demographic Profile
Shelby County has a population of around 49,000 people. The demographic composition is predominantly White (about 97%), with a stable population size over recent years. The median age is approximately 42 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 Shelby County is served by several public school districts, including Sidney City Schools and Fort Loramie Local Schools. The county's educational attainment is comparable to the state average, with about 87% of residents having a high school diploma and around 20% holding a bachelor’s degree or higher. Schools in the area, such as Sidney High School and Fort Loramie Elementary, generally receive good ratings, reflecting efforts to maintain strong educational standards.
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