Augusta, GA

Population: 197,350
Average annual home appreciation rate: 9.37%
Total of homes for sale in this market: 799
Median home price: $99,060
Median Rent: $893 per room
Home price range: 37.94% of homes are between $98,001 – $196,000
Median sales price: $57,706
Number of homes: 446
Median foreclosure sales price: $44,650
Foreclosure discount: 23%
Most common home type: 61.90% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 16.33%
Number of renters: 48.41%
Number of owner occupied: 51.60%
Number people living below poverty level: 25.37%
Unemployment rate: 7.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Augusta 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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