Gastonia, NC

Population: 73,209
Average annual home appreciation rate: 6.18%
Total of homes for sale in this market: 279
Median home price: $149,875
Median Rent: $787 per room
Home price range: 42.50% of homes are between $110,001 – $221,000
Median sales price: $105,000
Number of homes: 230
Median foreclosure sales price: $75,773
Foreclosure discount: 28%
Most common home type: 69.50% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.65%
Number of renters: 45.58%
Number of owner occupied: 54.42%
Number people living below poverty level: 22.30%
Unemployment rate: 6.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Gastonia 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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