Slidell, LA

Population: 27,526
Average annual home appreciation rate: 10.84%
Total of homes for sale in this market: 138
Median home price: $168,611
Median Rent: $1,111 per room
Home price range: 66.25% of homes are between $108,001 – $215,000
Median sales price: NO DATA
Number of homes: 429
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 78.56% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.73%
Number of renters: 30.40%
Number of owner occupied: 69.60%
Number people living below poverty level: 16.33%
Unemployment rate: 7.60%
Is this area perfect for real estate deals going on right now? Importantly, NeighborhoodScout’s exclusive research found that Slidell’s housing market shows one of the top real estate appreciation rates in the U.S.A. in the latest quarter, which may signal the city’s near-future real estate investment strength.

Houma, LA

Population: 34,040
Average annual home appreciation rate: 2.14%
Total of homes for sale in this market: 411
Median home price: $153,971
Median Rent: $794 per room
Home price range: 45.24% of homes are between $104,001 – $208,000
Median sales price: $176,500
Number of homes: 37
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 78.31% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.37%
Number of renters: 32.50%
Number of owner occupied: 67.50%
Number people living below poverty level: 16.63%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now? Low overall home prices, higher than average rental rates, returning appreciation, high unemployment rates and multiple vacant houses available on the market…Houma could be the ‘perfect storm’ for investors. Since our last visit to Houma in 2014, there has been a slight upward movement in home appreciation.

Winston-Salem, NC

Population: 234,687
Average annual home appreciation rate: -0.35%
Total of homes for sale in this market:
Median home price: $127,267
Median Rent: $542 per room
Home price range: 50.02% of homes are between $93,001 – $186,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 62.13% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.50%
Number of renters: 41.56%
Number of owner occupied: 58.44%
Number people living below poverty level: 20.59%
Unemployment rate: 7.8%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Winston-Salem has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Winston-Salem when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With multiple vacant properties, and higher than average rental rates, there could be some great opportunities for the buy and hold investor.

Chattanooga, TN

Population: 167,674
Average annual home appreciation rate: -4.21%
Total of homes for sale in this market:
Median home price: $126,581
Median Rent: $550 per room
Home price range: 43.86% of homes are between $97,001 – $195,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 60.02% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.07%
Number of renters: 44.04%
Number of owner occupied: 55.16%
Number people living below poverty level: 22.90%
Unemployment rate: 9.90%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Chattanooga has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Chattanooga when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With low home prices, higher rents, and high percentage of vacant properties, there could be some great opportunity for the buy and hold investor.

Hattiesburg, MS

Population: 47,556
Average annual home appreciation rate: -0.77%
Total of homes for sale in this market: 336
Median home price: $110,068
Median Rent: $692 per room
Home price range: 36.55% of homes are between $98,001 – $197,000
Median sales price: Still gathering data
Number of homes: 18
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 51.88% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.12%
Number of renters: 65.89%
Number of owner occupied: 34.11%
Number people living below poverty level: 36.62%
Unemployment rate: 8.20%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Hattiesburg has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Hattiesburg when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With higher rental rates, lower overall cost on homes, and multiple vacant properties on the market, this could be a great opportunity for the savvy buy and hold investor.

Biloxi, MS

Population: 44,820
Average annual home appreciation rate: 13.38%
Total of homes for sale in this market: 346
Median home price: $144,317
Median Rent: $838 per room
Home price range: 47.04% of homes are between $97,001 – $194,000
Median sales price: Still gathering data
Number of homes: 13
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 53.68% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 18.89%
Number of renters: 55.06%
Number of owner occupied: 44.94%
Number people living below poverty level: 22.44%
Unemployment rate: 6.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Biloxi 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.

Baton Rouge, LA

Population: 229,426
Average annual home appreciation rate: 7.71%
Total of homes for sale in this market: 245
Median home price: $160,523
Median Rent: $816 per room
Home price range: 40.73% of homes are between $104,001 – $208,000
Median sales price: $173,750
Number of homes: 615
Median foreclosure sales price: $80,000
Foreclosure discount: 54%
Most common home type: 58.37% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.92%
Number of renters: 51.17%
Number of owner occupied: 48.83%
Number people living below poverty level: 25.39%
Unemployment rate: 7.10%
Is this area perfect for real estate deals going on right now? Importantly, this makes Baton Rouge one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

Metairie, LA

Population: 138,481
Average annual home appreciation rate: 9.95%
Total of homes for sale in this market: 92
Median home price: $225,568
Median Rent: $956 per room
Home price range: 38.03% of homes are between $108,001 – $215,000
Median sales price: $200,000
Number of homes: 163
Median foreclosure sales price: $100,000
Foreclosure discount: 50%
Most common home type: 60.61% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.15%
Number of renters: 38.73%
Number of owner occupied: 61.27%
Number people living below poverty level: 11.95%
Unemployment rate: 6.30%
Is this area perfect for real estate deals going on right now? Importantly, this makes Metairie one of the highest appreciating communities in the nation for the latest quarter, and may signal the town’s near-future real estate investment strength.

Lafayette, LA

Population: 124,276
Average annual home appreciation rate: -1.24%
Total of homes for sale in this market: 125
Median home price: $177,705
Median Rent: $819 per room
Home price range: 41.98% of homes are between $105,001 – $209,000
Median sales price: Still gathering data
Number of homes: 261
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 63.44% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.00%
Number of renters: 44.55%
Number of owner occupied: 55.45%
Number people living below poverty level: 19.56%
Unemployment rate: 6.30%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Lafayette when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

Kenner, LA

Population: 66,975
Average annual home appreciation rate: 9.03%
Total of homes for sale in this market: 42
Median home price: $184,468
Median Rent: $862 per room
Home price range: 47.65% of homes are between $101,001 – $202,000
Median sales price: $131,500
Number of homes: 154
Median foreclosure sales price: $73,771
Foreclosure discount: 44%
Most common home type: 57.19% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.38%
Number of renters: 39.97%
Number of owner occupied: 60.03%
Number people living below poverty level: 14.01%
Unemployment rate: 5.70%
Is this area perfect for real estate deals going on right now? Data shows that Kenner’s latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana. The appreciation rate, home prices and rental rates, this combination could spell great opportunity for the savvy cash investor.