Warren, OH

Population: 40,768
Average annual home appreciation rate: -8.02%
Total of homes for sale in this market: 396
Median home price: $65,017
Median Rent: $621 per room
Home price range: 47.32% of homes are between $50,001 – $99,000
Median sales price: $68,200
Number of homes: 261
Median foreclosure sales price: $25,950
Foreclosure discount: 62%
Most common home type: 71.97% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 17.51%
Number of renters: 48.57%
Number of owner occupied: 51.43%
Number people living below poverty level: 32.35%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Data shows that Warren has been ‘down’ like many other markets across the US…but it also shows that the market could be starting its rebound. There are many factors in Warren and could be the ‘perfect storm’ for savvy investors. For instance: Low overall home prices, multiple troubled properties, multiple vacant properties just sitting on the market, high poverty/unemployment rate, many renters needing properties, higher than average rental rates, and a rebounding home appreciation rate in the market. Could be a great start for a buy and hold investor to wait out the market until it makes its long promised return.

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