Washington DC

Population: 646,449
Average annual home appreciation rate: 4.99%
Total of homes for sale in this market: 766
Median home price: $491,398
Median Rent: $1,376 per room
Home price range: 19.71% of homes are between $552,001 – $828,000
Median sales price: $541,250
Number of homes: 114
Median foreclosure sales price: $365,450
Foreclosure discount: 32%
Most common home type: 51.75% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 11.62%
Number of renters: 60.60%
Number of owner occupied: 39.40%
Number people living below poverty level: 18.65%
Unemployment rate: 6.90%
Is this area perfect for real estate deals going on right now? Based on rental prices, home appreciation, high percentage of renters vs. owners, and vacant properties available on the market… The DC area market could be very profitable for the savvy investor.

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