Mikiteo (Lynnwood), WA

Population: 36,485
Average annual home appreciation rate: 5.58%
Total of homes for sale in this market: 138
Median home price: $334,116
Median Rent: $1,184 per room
Home price range: 34.30% of homes are between $238,001 – $358,000
Median sales price: $324,750
Number of homes: 148
Median foreclosure sales price: $252,141
Foreclosure discount: 22%
Most common home type: 50.13% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.70%
Number of renters: 48.91%
Number of owner occupied: 51.09%
Number people living below poverty level: 16.44%
Unemployment rate: 4.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lynnwood 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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