Napa, CA

Population: 80,011
Average annual home appreciation rate: 10.46%
Total of homes for sale in this market: 125
Median home price: $549,736
Median Rent: $1,619 per room
Home price range: 23.44% of homes are between $682,001 – $1,023,000
Median sales price: $620,000
Number of homes: 208
Median foreclosure sales price: $549,000
Foreclosure discount: 11%
Most common home type: 61.51% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.93%
Number of renters: 44.95%
Number of owner occupied: 55.05%
Number people living below poverty level: 11.14%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Napa 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.

Leave a Reply

Your email address will not be published.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