Seattle, WA

Population: 668,342
Average annual home appreciation rate: 22.08%
Total of homes for sale in this market: 592
Median home price: $539,591
Median Rent: $1,467 per room
Home price range: 22.90% of homes are between $622,001 – $933,000
Median sales price: $445,000
Number of homes: 1,391
Median foreclosure sales price: $274,975
Foreclosure discount: 38.2%
Most common home type: 44.56% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.72%
Number of renters: 54.99%
Number of owner occupied: 45.01%
Number people living below poverty level: 13.62%
Unemployment rate: 3.80%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Seattle 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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