Garden Grove, CA

Population: 175,140
Average annual home appreciation rate: 7.97%
Total of homes for sale in this market: 209
Median home price: $469,730
Median Rent: $1,600 per room
Home price range: 30.18% of homes are between $456,001 – $570,000
Median sales price: $440,000
Number of homes: 238
Median foreclosure sales price: $417,500
Foreclosure discount: 5%
Most common home type: 57.25% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.12%
Number of renters: 40.57%
Number of owner occupied: 59.43%
Number people living below poverty level: 15.47%
Unemployment rate: 6.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Garden Grove 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.

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