Housing in Elim, AK is much more affordable than the US median value of $338,100. The median value of housing in Elim is only $152,500. Over the past year, US house appreciation was 8.27%, while Elim's was much lower at 1.58%. This suggests that there is not a lot of demand for housing in Elim or that it does not appreciate as quickly as many parts of the US. It could also suggest that people are hesitant to invest in real estate in the area due to its remote location.
The median home cost in Elim is $152,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Elim is up 8.2%.
Average Age of Homes
- The median age of Elim real estate is 35 years old
The Rental Market in Elim
- Renters make up 32.4% of the Elim population
- 0.0% of houses and apartments in Elim, 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.