Newburgh, NY

Population: 28,480
Average annual home appreciation rate: 4.20%
Total of homes for sale in this market: 293
Median home price: $180,306
Median Rent: $1,085 per room
Home price range: 44.63% of homes are between $102,001 – $205,000
Median sales price: $108,000
Number of homes: 568
Median foreclosure sales price: $88,251
Foreclosure discount: 18%
Most common home type: 45.49% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 18.51%
Number of renters: 68.10%
Number of owner occupied: 31.90%
Number people living below poverty level: 30.25%
Unemployment rate: 6.50%
Is this area perfect for real estate deals going on right now? Relative to New York, our data show that Newburgh’s latest annual appreciation rate is higher than 80% of the other cities and towns in New York. 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.

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