Silver Spring, MD

Population: 71,452
Average annual home appreciation rate: 4.27%
Total of homes for sale in this market: 551
Median home price: $470,561
Median Rent: $1,540 per room
Home price range: 31.68% of homes are between $527,001 – $791,000
Median sales price: $339,000
Number of homes: 302
Median foreclosure sales price: $293,000
Foreclosure discount: 14%
Most common home type: 57.43% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 3.97%
Number of renters: 60.44%
Number of owner occupied: 39.56%
Number people living below poverty level: 11.73%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? Here’s some reasons why this very well could be f one could justify the cost for this area… 1. Strong positive home appreciation rates 2. High rental rates 3. Huge discounts (14%) for troubled properties on the market. 4. High demand for rental properties in this specific market.

Leave a Reply

Your email address will not be published.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