Hesperia, CA

Population: 92,147
Average annual home appreciation rate: 8.64%
Total of homes for sale in this market: 797
Median home price: $201,849
Median Rent: $1,111
Home price range: 54.04% of homes are between $138,001 – $276,000
Median sales price: $190,000
Number of homes: 356
Median foreclosure sales price: $188,262
Foreclosure discount: $1,739 ( 0.9% )
Most common home type: 80.57% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.61%
Number of renters: 28.85%
Number of owner occupied: 71.15%
Number people living below poverty level: 25.26%
Unemployment rate: 8.90%
Is this area perfect for real estate deals going on right now? As has been pointed out, Hesperia is one of the best cities in the US for home appreciation. This is not the only reason savvy investors look to Hesperia for possible investment action… 1. Lower overall home prices compared to other CA markets 2. HIGH rental rates per room 3. More ‘troubled’ houses available then overall homes on the market (Could mean great deals based on motivated sellers owning these properties) 4. High unemployment/poverty rate in the area calls for more rental properties. There are even more… but the market in Hesperia shows promise, and strength.

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