Ohio in Top 10 for Foreclosure Deals in the Country
Find out what the housing market is like in Kent and Portage County, according to a recent RealtyTrac report.
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Ohio places sixth on a list of top 10 states for foreclosure deals in the country, according to RealtyTrac's latest report.
There are 80,406 foreclosed homes in the state, according to RealtyTrac. The average foreclosure savings is 46 percent and the average foreclosure sale price is $71,815 in Ohio.
(Note: Savings are measured by comparing average sales prices with average foreclosure sales prices.)
In terms of actual foreclosures, Ohio ranks fourth on the list with 10,777. The Buckeye state is behind only: Illinois, with 14,899; Florida, with 28,783; and California, with 36,054, according to RealtyTrac.
In Kent, one out of every 679 housing units received a foreclosure notice in October, according to RealtyTrac. Though that number includes houses in Brimfield and Franklin townships, which share a zip code with Kent.
So far in 2012 there have been 205 foreclosed properties with a Kent address with an average sale price of $118,680.
Overall in Ohio, one out of 482 homes is foreclosed. Scroll over the interactive map attached to this post for even more information.
The Ohio county with the highest number of foreclosures is Stark.
RELATED COVERAGE:
- 11 Kent Properties Going to Sheriff's Sale in December
- 15 Kent Properties Going to Sheriff's Sale in November
- Selling Short: Avoiding Foreclosure the Hard Way
