New Bedford, MA

Population: 95,078
Average annual home appreciation rate: 2.57%
Total of homes for sale in this market: 40
Median home price: $218,035
Median Rent: $808 per room
Home price range: 47.52% of homes are between $200,001 – $300,000
Median sales price: $174,000
Number of homes: 229
Median foreclosure sales price: $130,000
Foreclosure discount: 25%
Most common home type: 46.33% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 10.45%
Number of renters: 58.09%
Number of owner occupied: 41.91%
Number people living below poverty level: 23.46%
Unemployment rate: 9.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the New Bedford 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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