Auburn, AL

Population: 60,258
Average annual home appreciation rate: 17.01%
Total of homes for sale in this market: 285
Median home price: $215,013
Median Rent: $1,040 per room
Home price range: 31.94% of homes are between $101,001 – $202,000
Median sales price: Still gathering data
Number of homes: 8
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 41.56% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.55%
Number of renters: 58.47%
Number of owner occupied: 41.53%
Number people living below poverty level: 28.90%
Unemployment rate: 4.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Auburn 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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