New Brunswick, NJ

Population: 55,831
Average annual home appreciation rate: 2.61%
Total of homes for sale in this market: 368
Median home price: $255,155
Median Rent: $1,579
Home price range: 36.48% of homes are between $206,001 – $309,000
Median sales price: $269,900
Number of homes: 608
Median foreclosure sales price: $221,500
Foreclosure discount: $54,500 ( 19.7% )
Most common home type: 36.12% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 6.92%
Number of renters: 79.98%
Number of owner occupied: 20.02%
Number people living below poverty level: 33.82%
Unemployment rate: 5.80%
Is this area perfect for real estate deals going on right now? The combination of the great home prices, positive appreciatioin rates, and higher than average rental rates, this could be the right recipe for success for the savvy buy and hold investor. Even with the slightly lower appreciation rate, this could keep prices to a more affable range, and make more opportunities for investors.

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