Temecula, CA

Population: 106,780
Average annual home appreciation rate: 10.88%
Total of homes for sale in this market: 567
Median home price: $411,706
Median Rent: $1,676 per room
Home price range: 37.81% of homes are between $276,001 – $414,000
Median sales price: $370,000
Number of homes: 301
Median foreclosure sales price: $360,000
Foreclosure discount: 3%
Most common home type: 78.70% of homes are single family detached
Number of vacant homes: 6.28%
Number of renters: 33.95%
Number of owner occupied: 66.05%
Number people living below poverty level: 8.51%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Appreciation rates alone in this market are some of the strongest in the nation. Any investor that can get in front of that wave will be happy to see what their ROI can be. There are multiple ‘troubled’ properties on the market (even more than the total number of homes on the market) that could be a great opportunity for cash investors. (Due to motivated sellers holding these properties) There could be great opportunities in the Temecula area.

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