Eugene, OR

Population: 159,190
Average annual home appreciation rate: 8.97%
Total of homes for sale in this market: 641
Median home price: $259,031
Median Rent: $964 per room
Home price range: 36.34% of homes are between $217,001 – $326,000
Median sales price: $227,000
Number of homes: 164
Median foreclosure sales price: $157,700
Foreclosure discount: 31%
Most common home type: 55.30% of homes are single family detached
Number of vacant homes: 5.98%
Number of renters: 52.46%
Number of owner occupied: 47.54%
Number people living below poverty level: 24.12%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? There are some good things going on in Eugene as far as real estate is concerned. Some things to point out… 1. Over 50% of population is renters vs owners. (Means over 1/2 the folks in this market need a rental property to live in, which is great for rental property investors) 2. Overall price of homes is competitive, and the rental rates are high. 3. Huge discounts on troubled properties in the area. (31%)

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