Beverly Hills, CA

Population: 34,658
Average annual home appreciation rate: 15.89%
Total of homes for sale in this market: 262
Median home price: $3,308,350
Median Rent: $2,185 per room
Home price range: 74.85% of homes are greater than $1,264,000
Median sales price: $2,262,500
Number of homes: 68
Median foreclosure sales price: $1,308,500
Foreclosure discount: $954,000 ( 42.2% )
Most common home type: 52.92% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 9.41%
Number of renters: 56.05%
Number of owner occupied: 43.95%
Number people living below poverty level: 8.78%
Unemployment rate: 6.60%
Is this area perfect for real estate deals going on right now? Importantly, NeighborhoodScout’s exclusive research found that Beverly Hills’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength. It’s not an entry level market for investors, but there are proven strategies that have given savvy investors a decent ROI in this market.

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