Baltimore, MD

Population: 622,104
Average annual home appreciation rate: 8.35%
Total of homes for sale in this market: 4,238
Median home price: $162,514
Median Rent: $979 per room
Home price range: 40.86% of homes are between $103,001 – $206,000
Median sales price: $102,000
Number of homes: 4,779
Median foreclosure sales price: $58,000
Foreclosure discount: 43%
Most common home type: 52.83% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 18.50%
Number of renters: 53.55%
Number of owner occupied: 46.45%
Number people living below poverty level: 23.79%
Unemployment rate: 7.60%
Is this area perfect for real estate deals going on right now? There are some factors taking place in the Baltimore market that has investors getting involved as we speak… let’s name a few: 1. Strong track record of positive appreciation rates. 2. Higher renter vs. owner ratio (opportunities for rental property owners) 3. Higher poverty/unemployment rates (means more needs for rental properties) 4. High number of troubled properties (Huge discounts available of up to 58.7%. 5. High amount of vacant properties on the market (could mean huge discounts to investors from motivated sellers) This is just some…but there are others, and this market could be a great investment opportunity for the savvy investor.

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