Elkland, MI is an attractive place to live due to its low housing median value of $131,000. Compared to the US House Median Value of $338,100, this offers potential home buyers great value. In addition, Elkland has seen an impressive house appreciation rate of 9.81% in the last year, significantly higher than the US 1 year House Appreciation rate of 8.27%. This makes Elkland a great investment for those looking to purchase property in the area.
The median home cost in Elkland is $131,000. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Elkland is up 14.8%.
Average Age of Homes
- The median age of Elkland real estate is 48 years old
The Rental Market in Elkland
- Renters make up 17.4% of the Elkland population
- 2.0% of houses and apartments in Elkland, 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.