Greensboro, NC

Population: 276,134
Average annual home appreciation rate: -2.99%
Total of homes for sale in this market:
Median home price: $135,078
Median Rent: $607 per room
Home price range: 47.45% of homes are between $95,001 – $189,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 54.99% of homrs are SINGLE FAMILY DETACHED
Number of vacant homes: 11.81%
Number of renters: 44.78%
Number of owner occupied: 55.22%
Number people living below poverty level: 18.43%
Unemployment rate: 9.40%
Is this area perfect for real estate deals going on right now? Markets such as Greensboro 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. There is always opportunity for savvy real estate investors in a market that has been ‘down’ for some time. Low overall home prices, higher than average rental rates, returning appreciation, high unemployment rates and multiple vacant houses available on the market…Greensboro could be the ‘perfect storm’ for investors.

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