Utica (Peru), IL

Population: 10,107
Average annual home appreciation rate: 5.26%
Total of homes for sale in this market: 33
Median home price: $119,254
Median Rent: $655 per room
Home price range: 48.58% of homes are between $100,001 – $201,000
Median sales price: NO DATA
Number of homes: 5
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 80.68% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.92%
Number of renters: 28.56%
Number of owner occupied: 71.44%
Number people living below poverty level: 9.04%
Unemployment rate: 7.90%
Is this area perfect for real estate deals going on right now? With the positive appreciation rate history that Peru has boasted for the last ten years, a buy and hold property could make a pretty safe return on investment based solely on the higher rental prices in the the area. One positive thing is the fact that there are more troubled properties on the market then there are total homes for sale which could spell out opportunity for the savvy buy and hold, or even the rehab investor.

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