Gresham, OR

Population: 109,397
Average annual home appreciation rate: 6.23%
Total of homes for sale in this market: 162
Median home price: $262,000
Median Rent: $1,055 per room
Home price range: 43.72% of homes are between $242,001 – $364,000
Median sales price: $227,625
Number of homes: 151
Median foreclosure sales price: $191,522
Foreclosure discount: 16%
Most common home type: 51.94% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.09%
Number of renters: 48.24%
Number of owner occupied: 51.76%
Number people living below poverty level: 19.64%
Unemployment rate: 5.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Gresham 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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