The housing market in Elmo, TX is flourishing with a median value of $172,300 and an appreciation of 19.07% in the last year. This is significantly higher than the US median value of $338,100 and 8.27% appreciation rate for the same period. This demonstrates that Elmo is an attractive place to invest in real estate, as property values continue to rise steadily. With such favorable conditions, it is no wonder why many people are looking to purchase homes in this thriving city.
The median home cost in Elmo is $172,300. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Elmo is up 23.5%.
Average Age of Homes
- The median age of Elmo real estate is 34 years old
The Rental Market in Elmo
- Renters make up 25.3% of the Elmo population
- 0.0% of houses and apartments in Elmo, 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.