Elko New Market, MN is a great place to invest in real estate. The median value for housing in Elko New Market is $426,300 which is significantly higher than the US median of $338,100. The one year house appreciation in Elko New Market is also slightly above the national level at 6.66% compared to 8.27%. This speaks to the strong housing market found in this area and shows that it can be a safe and profitable investment option for potential homebuyers.
The median home cost in Elko New Market is $426,300. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Elko New Market is up 12.2%.
Average Age of Homes
- The median age of Elko New Market real estate is 13 years old
The Rental Market in Elko New Market
- Renters make up 13.4% of the Elko New Market population
- 0.0% of houses and apartments in Elko New Market, 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.