Lake City, FL

Population: 12,107
Average annual home appreciation rate: 3.62%
Total of homes for sale in this market: 478
Median home price: $118,704
Median Rent: $809 per room
Home price range: 40.02% of homes are between $103,001 – $206,000
Median sales price: $57,000
Number of homes: 220
Median foreclosure sales price: $90,500
Foreclosure discount: N/A
Most common home type: 63.41% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 17.88%
Number of renters: 59.48%
Number of owner occupied: 40.52%
Number people living below poverty level: 34.36%
Unemployment rate: 5.80%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lake City 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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