Elgin, IA is a great place to invest in housing. Its median value is $135,100, which is much lower than the US median value of $338,100. House appreciation in Elgin has been particularly impressive over the past year, with an 11.61% jump, compared to the 8.27% national average. This indicates that investing in housing here could be a smart decision for potential buyers and homeowners.
The median home cost in Elgin is $135,100. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Elgin is up 15.1%.
Average Age of Homes
- The median age of Elgin real estate is 61 years old
The Rental Market in Elgin
- Renters make up 23.6% of the Elgin population
- 1.4% 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.