Elgin, OK is a great place to invest in real estate with the median housing value being $247,700. This is significantly lower than the US median house value of $338,100. The US House Appreciation rate in the last year was 8.27%, while Elgin, OK saw an even higher appreciation rate of 9.28%. This makes Elgin a great investment opportunity for those looking to buy and hold real estate now or in the future.
The median home cost in Elgin is $247,700. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Elgin is up 17.8%.
Average Age of Homes
- The median age of Elgin real estate is 18 years old
The Rental Market in Elgin
- Renters make up 26.2% 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.