New Bedford, MA

Population: 96,031
Average annual home appreciation rate: 1.24%
Total of homes for sale in this market:
Median home price: $212,836
Median Rent: $601 per room
Home price range: 53.80% of homes are between $184,001 – $276,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 45.89% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 10.14%
Number of renters: 55.86%
Number of owner occupied: 44.14%
Number people living below poverty level: 21,67%
Unemployment rate: 13.60%
Is this area perfect for real estate deals going on right now? High poverty/unemployment rates have a great deal to do with the housing market, and it is very evident in New Bedford. History shows markets like this have been creating successful real estate investors time and time again. Buying when a market is “down” has been a successful part of the ‘buy and hold’ process from the beginning. Savvy investors rent their properties to those who can’t afford homes of their own, and with the price of rent in New Bedford being higher than the national average, it could be a great return on investment. Vacant properties at or greater than 10% can lead to many opportunities for investors based on the motivated sellers who hold these properties.

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