Chico, CA

Population: 88,077
Average annual home appreciation rate: 3.68%
Total of homes for sale in this market: 525
Median home price: $303,544
Median Rent: $1,041 per room
Home price range: 38.31% of homes are between $228,001 – $342,000
Median sales price: $299,000
Number of homes: 145
Median foreclosure sales price: $200,000
Foreclosure discount: $100,000 ( 33.3% )
Most common home type: 53.08% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.28%
Number of renters: 55.07%
Number of owner occupied: 44.93%
Number people living below poverty level: 22.89%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? With a positive appreciation trend continuing, there are still opportunities for one to get into a market that still has time to help yield a positive return on investment. Rents are still high, and overall home prices are still agreeable… and with multiple ‘zombie’/vacant properties on the market, there could be some great cash deals available to the savvy investor.

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