Meriden, CT

Population: 60,770
Average annual home appreciation rate: -1.60%
Total of homes for sale in this market:
Median home price: $181,885
Median Rent: $733 per room
Home price range: 42.24% of homes are between $92,001 – $183,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 47.66% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.62%
Number of renters: 36.19%
Number of owner occupied: 63.81%
Number people living below poverty level: 14.79%
Unemployment rate: 10.00%
Is this area perfect for real estate deals going on right now? There is always opportunity for savvy real estate investors in a market that has been ‘down’ for some time. The market has created lower overall home prices, and higher rental rates which means real estate investors could have great success in the Meriden market.

Leave a Reply

Your email address will not be published. Required fields are marked *