The housing market in Elgin, KS has seen a healthy year of appreciation over the past 12 months. According to data, the median value of a house in Elgin is currently $69,200 compared to the US median value of $338,100. This puts house prices in Elgin much lower than the national average. The 1 year appreciation rate for houses in Elgin stands at 10.51%, significantly higher than the national average of 8.27%. All this points towards a thriving housing market in Elgin and could be an appealing option for individuals looking to purchase a home at an affordable price point.
The median home cost in Elgin is $69,200. Home appreciation the last 10 years has been 59.6%. Home Appreciation in Elgin is up 13.8%.
Average Age of Homes
- The median age of Elgin real estate is 78 years old
The Rental Market in Elgin
- Renters make up 8.0% of the Elgin population
- 0.0% of houses and apartments in Elgin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.