New Rochelle, NY

Population: 79,446
Average annual home appreciation rate: 5.45%
Total of homes for sale in this market: 313
Median home price: $571,805
Median Rent: $1,396 per room
Home price range: 36.86% of homes are between $511,001 – $767,000
Median sales price: $567,500
Number of homes: 623
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 42.09% COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 6.04%
Number of renters: 52.09%
Number of owner occupied: 47.91%
Number people living below poverty level: 12.38%
Unemployment rate: 4.80%
Is this area perfect for real estate deals going on right now? With the positive appreciation rate history that New Rochelle has boasted for the last ten years, a buy and hold property could make a pretty safe return on investment based solely on the higher rental prices in the the area. One positive thing is the fact that there are more troubled properties on the market then there are total homes for sale which could spell out opportunity for the savvy buy and hold, or even the rehab investor.

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