Albany, OR

Population: 51,583
Average annual home appreciation rate: 2.63%
Total of homes for sale in this market: 345
Median home price: $185,641
Median Rent: $869 per room
Home price range: 48.83% of homes are between $106,001 – $212,000
Median sales price: $189,000
Number of homes: 52
Median foreclosure sales price: $136,015
Foreclosure discount: 28%
Most common home type: 63.46% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.87%
Number of renters: 41.42%
Number of owner occupied: 58.58%
Number people living below poverty level: 19.53%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Albany area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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