Melbourne, FL

Population: 77,508
Average annual home appreciation rate: 18.95%
Total of homes for sale in this market: 1,212
Median home price: $149,569
Median Rent: $1,056
Home price range: 44.98% of homes are between $127,001 – $253,000
Median sales price: $69,400
Number of homes: 1,454
Median foreclosure sales price: $102,750
Foreclosure discount: N/A
Most common home type: 56.04% of homes are single family detached
Number of vacant homes: 17.75%
Number of renters: 41.53%
Number of owner occupied: 58.47%
Number people living below poverty level: 15.51%
Unemployment rate: 5.00%
Is this area perfect for real estate deals going on right now? Could be a fantastic time to invest in the Melbourne market. Just to point out a few highlights of this market. 1. One of the nation’s strongest markets for real estate home appreciation. (And presently climbing. 2. Multiple vacant properties available (Could lead to amazing deals due to motivated sellers willing to negotiate prices) 3. Lower overall home prices. 4. High rents. So many other factors point to the fact that the Melbourne market could be one of the best markets in the country for real estate investing.

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