Laguna Beach, CA

Population: 23,283
Average annual home appreciation rate: 12.78%
Total of homes for sale in this market: 799
Median home price: $1,367,478
Median Rent: $2,245 per room
Home price range: 65.71% of homes are between > $1,123,000
Median sales price: $1,540,000
Number of homes: 409
Median foreclosure sales price: $890,835
Foreclosure discount: 42%
Most common home type: 65.22% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.84%
Number of renters: 37.62%
Number of owner occupied: 62.38%
Number people living below poverty level: 7.40%
Unemployment rate: 4.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Laguna Beach 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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