Statesville, NC

Population: 25,432
Average annual home appreciation rate: 6.18%
Total of homes for sale in this market: 576
Median home price: $147,228
Median Rent: $774 per room
Home price range: 38.76% of homes are between $110,001 – $221,000
Median sales price: $115,500
Number of homes: 151
Median foreclosure sales price: $77,178
Foreclosure discount: 33%
Most common home type: 66.45% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 18.29%
Number of renters: 51.68%
Number of owner occupied: 48.32%
Number people living below poverty level: 29.40%
Unemployment rate: 6.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Statesville 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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