Galesburg, IL

Population: 31,665
Average annual home appreciation rate: 2.05%
Total of homes for sale in this market: 5
Median home price: $74,177
Median Rent: $620 per room
Home price range: 48.89% of homes are between $50,001 – $101,000
Median sales price: $74,000
Number of homes: 31
Median foreclosure sales price: $31,000
Foreclosure discount: 58%
Most common home type: 69.97% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.31%
Number of renters: 47.62%
Number of owner occupied: 52.38%
Number people living below poverty level: 22.70%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? Markets such as Galesburg can spell opportunity for the savvy cash investor. Based on the fact that down markets can produce properties owned by motivated sellers who are much more willing to negotiate the prices of their properties, when cash is the means of the purchase.

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