Fairview Heights, IL

Population: 17,099
Average annual home appreciation rate: 0.55%
Total of homes for sale in this market:
Median home price: $113,544
Median Rent: $832 per room
Home price range: 44.35% of homes are between $91,001 – $182,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 77.68% of homes are Single Family Detached
Number of vacant homes: 7.97%
Number of renters: 22.86%
Number of owner occupied: 77.14%
Number people living below poverty level: 8.42%
Unemployment rate: 9.30%
Is this area perfect for real estate deals going on right now? Looking at the past year or so, you can see where the home appreciation rate in Fairview Heights has taken a down turn. There are some great things going on in the market now that could mean it is a great time to get into it… 1. Overall low average home prices. 2. High rental rates for the area. 3. Home appreciation rates staying the positive> 4. Higher than national average unemployment rates. 5. More “troubled” properties available on the market than total homes for sale. With the overall low home prices, and the costs of rent, one could find great ROI in a rental property in this market. Based on the higher unemployment, that usually leads to more people needing rentals due to not having a job which is necessary in obtaining a mortgage.

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