Staten Island, NY

Population: 481,958
Average annual home appreciation rate: 3.95%
Total of homes for sale in this market: 3,786
Median home price: $453,541
Median Rent: $1,327
Home price range: 26.71% of homes are between $411,001 – $514,000
Median sales price: $315,893
Number of homes: 4,650
Median foreclosure sales price: $339,000
Foreclosure discount: Still Gathering Data…
Most common home type: 33.02% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.09%
Number of renters: 32.62%
Number of owner occupied: 67.38%
Number people living below poverty level: 11.85%
Unemployment rate: 5.50%
Is this area perfect for real estate deals going on right now? With the combination of large amounts of foreclosures, positive appreciation rates and rental prices these could be the right recipe for the savvy buy and hold investor. Price appreciation is on it’s way down which could drop home prices to a point where investors would like to start purchasing their properties.

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