Metropolitan Statistical Area (MSA):
Zanesville, OH is a Metropolitan Statistical Area (MSA) comprising counties including .
The Zanesville, OH metropolitan statistical area (MSA) is located in the southeastern part of the state and includes Muskingum, Morgan, and Perry counties. The MSA has a population of about 150,000 people and covers an area of about 1,000 square miles. The housing market in the MSA is diverse, with a mix of rural and urban areas. The median home value in the MSA is $112,500, which is lower than the national median home value of $184,700. The median rent in the MSA is $725 per month, which is also lower than the national median rent of $1,040 per month.
There are several factors that have contributed to the current state of the housing market in the MSA. First, there has been a decrease in manufacturing jobs in recent years. This has led to a decrease in income for many families and has made it difficult for them to afford a home. Second, there has been an increase in foreclosures in the area. This has caused prices to drop and has made it difficult for people to sell their homes. Third, there has been an increase in student loan debt among young adults. This debt burden makes it difficult for young adults to save for a down payment on a home or qualify for a mortgage loan.
Despite these challenges, there are still many people who are interested in buying a home in the MSA. The low prices and interest rates make this an attractive time to buy a home. In addition, there are many programs available that can help buyers with down payments or closing costs. For those who are looking to buy a home in the near future, now may be a good time to start shopping around!