Elberfeld, IN is a great place to live for those looking to invest in real estate. Its housing median value is $222,700, which is significantly lower than the US house median value of $338,100. Furthermore, Elberfeld's houses have experienced an impressive appreciation rate of 16.17% over the past year, compared to 8.27% nationwide. This makes it an excellent option for both buyers and investors who wish to take advantage of the current market conditions.
The median home cost in Elberfeld is $222,700. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Elberfeld is up 16.1%.
Average Age of Homes
- The median age of Elberfeld real estate is 62 years old
The Rental Market in Elberfeld
- Renters make up 10.9% of the Elberfeld population
- 2.8% of houses and apartments in Elberfeld, 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.