Warwick, RI

Population: 81,971
Average annual home appreciation rate: 8.10%
Total of homes for sale in this market: 376
Median home price: $212,137
Median Rent: $1,227 per room
Home price range: 41.44% of homes are between $102,001 – $204,000
Median sales price: $165,000
Number of homes: 228
Median foreclosure sales price: $139,750
Foreclosure discount: 15%
Most common home type: 72.20% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.46%
Number of renters: 28.02%
Number of owner occupied: 71.98%
Number people living below poverty level: 7.24%
Unemployment rate: 5.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Warwick 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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