Columbia, MO

Population: 110,646
Average annual home appreciation rate: 4.18%
Total of homes for sale in this market:
Median home price: $164,060
Median Rent: $643 per room
Home price range: 47.32% of homes are between $98,001 – $195,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 51.94% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.32%
Number of renters: 51.48%
Number of owner occupied: 48.52%
Number people living below poverty level: 23.63%
Unemployment rate: 3.50%
Is this area perfect for real estate deals going on right now? There are some great things going on in the Columbia market as we speak that could make this market appealing to the savvy buy and hold investor. 1. Overall average home prices are lower. 2. Rental rates higher than the national average. 3. High percentage of renters in the market needing homes to live in. 4. 10 year positive home appreciation rate record. This could be a solid place for a buy and hold rental property.

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