Longmont, CO

Population: 88,925
Average annual home appreciation rate: 15.20%
Total of homes for sale in this market: 360
Median home price: $261,243
Median Rent: $981 per room
Home price range: 37.63% of homes are between $219,001 – $328,000
Median sales price: $260,000
Number of homes: 205
Median foreclosure sales price: $205,175
Foreclosure discount: 21%
Most common home type: 63.14% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.52%
Number of renters: 36.28%
Number of owner occupied: 63.72%
Number people living below poverty level: 13.67%
Unemployment rate: 3.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Longmont 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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