Altamonte Springs, FL

Population: 42,150
Average annual home appreciation rate: 20.57%
Total of homes for sale in this market: 139
Median home price: $188,644
Median Rent: $1,160 per room
Home price range: 44.95% of homes are between $128,001 – $256,000
Median sales price: $84,300
Number of homes: 418
Median foreclosure sales price: $82,330
Foreclosure discount: 2%
Most common home type: 53.45% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 28.64%
Number of renters: 50.56%
Number of owner occupied: 49.44%
Number people living below poverty level: 10.07%
Unemployment rate: 4.30%
Is this area perfect for real estate deals going on right now? Data shows this makes Altamonte Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. Strong appreciation, low home prices, multiple zombie prices… could be an investor perfect storm.

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