Louisville, KY

Population: 362,137
Average annual home appreciation rate: 8.37%
Total of homes for sale in this market: 1,552
Median home price: $147,444
Median Rent: $808 per room
Home price range: 46.39% of homes are between $106,001 – $211,000
Median sales price: $92,000
Number of homes: 1,239
Median foreclosure sales price: $65,000
Foreclosure discount: $27,000 ( 29.3% )
Most common home type: 64.70% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.34%
Number of renters: 40.21%
Number of owner occupied: 59.79%
Number people living below poverty level: 18.38%
Unemployment rate: 3.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lousiville 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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