Santa Cruz, CA

Population: 62,864
Average annual home appreciation rate: 10.07%
Total of homes for sale in this market: 88
Median home price: $795,253
Median Rent: $1,815 per room
Home price range: 40.00% of homes are between $618,001 – $926,000
Median sales price: $719,500
Number of homes: 88
Median foreclosure sales price: $499,953
Foreclosure discount: 31%
Most common home type: 56.79% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.12%
Number of renters: 61.94%
Number of owner occupied: 38.06%
Number people living below poverty level: 21.91%
Unemployment rate: 8.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Santa Cruz 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.

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