Kennewick, WA

Population: 76,762
Average annual home appreciation rate: -1.67%
Total of homes for sale in this market: 5
Median home price: $169,334
Median Rent: $808 per room
Home price range: 56.63% of homes are between $102,001 – $204,000
Median sales price: $169,650
Number of homes: 84
Median foreclosure sales price: $124,286
Foreclosure discount: 27%
Most common home type: 58.56% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.94%
Number of renters: 39.74%
Number of owner occupied: 60.26%
Number people living below poverty level: 17.20%
Unemployment rate: 7.00%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Kennewick when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

Leave a Reply

Your email address will not be published. Required fields are marked *