Salisbury, NC

Population: 33,604
Average annual home appreciation rate: 3.69%
Total of homes for sale in this market: 582
Median home price: $134,104
Median Rent: $873 per room
Home price range: 42.57% of homes are between $110,001 – $221,000
Median sales price: $74,350
Number of homes: 126
Median foreclosure sales price: $85,500
Foreclosure discount: N/A
Most common home type: 61.28% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 14.59%
Number of renters: 55.31%
Number of owner occupied: 44.69%
Number people living below poverty level: 24.77%
Unemployment rate: 6.80%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Salisbury 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.

Leave a Reply

Your email address will not be published. Required fields are marked *