Elkhart, KS is an attractive place for homeowners looking to buy a house. The median value of housing in Elkhart is $123,200, which is significantly lower than the US House median value of $338,100. This makes it easier for prospective homeowners to purchase a home within their budget. Furthermore, over the past year the appreciation of houses in Elkhart has been 10.51%, which is higher than the US 1 year house appreciation rate of 8.27%. This indicates that housing in Elkhart has outpaced the national average over the last 12 months and could be a great investment opportunity for those looking to purchase a home.
The median home cost in Elkhart is $123,200. Home appreciation the last 10 years has been 59.6%. Home Appreciation in Elkhart is up 13.8%.
Average Age of Homes
- The median age of Elkhart real estate is 47 years old
The Rental Market in Elkhart
- Renters make up 26.5% of the Elkhart population
- 7.9% of houses and apartments in Elkhart, 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.