Cromwell (Meriden), CT

Population: 60,456
Average annual home appreciation rate: 1.95%
Total of homes for sale in this market: 98
Median home price: $180,723
Median Rent: $1,098 per room
Home price range: 51.46% of homes are between $96,001 – $192,000
Median sales price: $145,000
Number of homes: 232
Median foreclosure sales price: $80,085
Foreclosure discount: 45%
Most common home type: 47.58% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.81%
Number of renters: 39.27%
Number of owner occupied: 60.73%
Number people living below poverty level: 14.44%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Meriden area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor. There could be some opportunity for cash investors with discounted troubled and “zombie” (vacant) properties that seem to dot the market in Meriden.

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