Elkton, MI has an affordable housing market compared to the national average. The median value of a house in Elkton is $105,200 which is significantly lower than the US median value of $338,100. Despite the lower cost, the rate of appreciation for housing in Elkton has been slightly higher than the national average, at 9.81% compared to 8.27%. This makes Elkton a great place to invest in property due to its relatively low purchase cost and high appreciation rate.
The median home cost in Elkton is $105,200. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Elkton is up 14.8%.
Average Age of Homes
- The median age of Elkton real estate is 65 years old
The Rental Market in Elkton
- Renters make up 32.7% of the Elkton population
- 2.6% of houses and apartments in Elkton, 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.