Covington, KY

Population: 40,944
Average annual home appreciation rate: 5.33%
Total of homes for sale in this market: 399
Median home price: $103,820
Median Rent: $753
Home price range: 41.57% of homes are between $102,001 – $204,000
Median sales price: $50,000
Number of homes: 365
Median foreclosure sales price: $42,525
Foreclosure discount: 15%
Most common home type: 55.53% of homes are Single family detached
Number of vacant homes: 16.98%
Number of renters: 51.63%
Number of owner occupied: 48.37%
Number people living below poverty level: 26.36%
Unemployment rate: 4%
Is this area perfect for real estate deals going on right now? positive appreciation rates show that this area could be a great market for purchasing and renting real estate.