Lakeland, FL

Population: 100,710
Average annual home appreciation rate: 27.54%
Total of homes for sale in this market: 815
Median home price: $136,854
Median Rent: $1,036
Home price range: 37.39% of homes are between $118,001 – $237,000
Median sales price: $80,550
Number of homes: 1,245
Median foreclosure sales price: $80,000
Foreclosure discount: 1%
Most common home type: 47.51% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 18.79%
Number of renters: 46.71%
Number of owner occupied: 53.29%
Number people living below poverty level: 19.15%
Unemployment rate: 5.20%
Is this area perfect for real estate deals going on right now? Low home prices, high rents, high home appreciation rates, multiple troubled/vacant properties, high amount of renters in the market… This could be the perfect storm for savvy real estate investors.

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