Elk Grove, CA is a thriving city with an attractive housing market. The median value of homes in Elk Grove is $597,800, which is significantly higher than the US median house value of $338,100. Although the overall appreciation rate of US houses over the past year was 8.27%, Elk Grove's appreciation rate was slightly lower at 2.74%. Despite this difference, it is clear that Elk Grove continues to be a desirable place for potential homebuyers and has experienced some growth in the housing market.
The median home cost in Elk Grove is $597,800. Home appreciation the last 10 years has been 145.3%. Home Appreciation in Elk Grove is up 9.9%.
Average Age of Homes
- The median age of Elk Grove real estate is 18 years old
The Rental Market in Elk Grove
- Renters make up 27.4% of the Elk Grove population
- 0.4% of houses and apartments in Elk Grove, 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.