Manhattan, NY

Population: 2,575,383
Average annual home appreciation rate: 9.10%
Total of homes for sale in this market: 729
Median home price: $569,760
Median Rent: $1,230 per room
Home price range: 33.61% of homes are between $511,001 – $767,000
Median sales price: $703,796
Number of homes: 10,502
Median foreclosure sales price: $430,000
Foreclosure discount: 39%
Most common home type: 50.30% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 8.62%
Number of renters: 70.68%
Number of owner occupied: 29.32%
Number people living below poverty level: 23.15%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? Data shows, this makes Brooklyn one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough’s near-future real estate investment strength.

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