Laredo, TX

Population: 245,558
Average annual home appreciation rate: 9.71%
Total of homes for sale in this market: 576
Median home price: $102,030
Median Rent: $575
Home price range: 43.60% of homes are between $92,001 – $183,000
Median sales price: $188,754
Number of homes: 163
Median foreclosure sales price: Still Computing Data
Foreclosure discount: Still Computing Data
Most common home type: 66.59% of homes are Single Family Detached
Number of vacant homes: 7.36%
Number of renters: 36.16%
Number of owner occupied: 63.84
Number people living below poverty level: 29.80%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? There could be some great opportunities for the savvy investor in Laredo. The lower overall home prices and high rental rates alone could lead to a great return on investment for the buy and hold investor. With the strong appreciation rate it is presently enjoying, along with the trend that shows that it may be building even higher yet.

Leave a Reply

Your email address will not be published.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