The housing market in Elkmont, AL is on the rise. The median value of a home in Elkmont is $220,300, which is significantly lower than the US median value of $338,100. In the past year, the US median house appreciation rate was 8.27%, while in Elkmont it was 15.32%. This demonstrates strong positive growth in the Elkmont housing market and suggests it is an ideal location for those seeking investment opportunities.
The median home cost in Elkmont is $220,300. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Elkmont is up 19.8%.
Average Age of Homes
- The median age of Elkmont real estate is 38 years old
The Rental Market in Elkmont
- Renters make up 23.1% of the Elkmont population
- 1.6% of houses and apartments in Elkmont, 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.