Lombard, IL

Population: 43,907
Average annual home appreciation rate: 5.05%
Total of homes for sale in this market: 90
Median home price: $249,787
Median Rent: $1,288 per room
Home price range: 43.79% of homes are between $207,001 – $310,000
Median sales price: $207,000
Number of homes: 223
Median foreclosure sales price: $180,500
Foreclosure discount: 13%
Most common home type: 56.89% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.58%
Number of renters: 28.50%
Number of owner occupied: 71.50%
Number people living below poverty level: 6.31%
Unemployment rate: 4.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lombard 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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