Hamilton (Trenton), NJ

Population: 84,349
Average annual home appreciation rate: 6.10%
Total of homes for sale in this market: 1,027
Median home price: $112,646
Median Rent: $997 per room
Home price range: 38.90% of homes are between $97,001 – $195,000
Median sales price: $144,000
Number of homes: 3,072
Median foreclosure sales price: $56,500
Foreclosure discount: 61%
Most common home type: 44.64% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 19.67%
Number of renters: 62.68%
Number of owner occupied: 37.32%
Number people living below poverty level: 26.51%
Unemployment rate: 8.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Trenton 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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