Columbia, SC

Population: 129,272
Average annual home appreciation rate: -0.69%
Total of homes for sale in this market:
Median home price: $141,027
Median Rent: $612 per room
Home price range: 37.78% of homes are between $88,001 – $175,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 53.64% of homes are Single Family Detached
Number of vacant homes: 14.43%
Number of renters: 52.83%
Number of owner occupied: 47.17%
Number people living below poverty level: 23.38%
Unemployment rate: 6.80%
Is this area perfect for real estate deals going on right now? There are many opportunities for the savvy investor in the Columbia market… Just to name a few: 1. Overall prices of homes are lower, 2. Multiple troubled/vacant properties on the market (usually owned by motivated sellers willing to negotiate prices) 3. Higher percentage of renters vs. home owners, (this means that there will be more of a need for rental properties) 4. Higher rental rates (means greater ROI for buy and hold rental property investors.) Historically speaking, many real estate investors that have taken advantage of a market like Columbia when it was ‘down’ have done very well when the market makes its comeback.

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