Elm Creek, MN is known for its housing market stability and appreciation of value. The median value of a home in Elm Creek is currently $254,500 which is lower than the US median value of $338,100. However, the 1 year house appreciation rate in Elm Creek is higher than the US average at 9.54% compared to 8.27%. This indicates that people are investing in Elm Creek’s housing market which signals a stable and prosperous real estate environment that will likely continue for years to come.
The median home cost in Elm Creek is $254,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Elm Creek is up 14.7%.
Average Age of Homes
- The median age of Elm Creek real estate is 66 years old
The Rental Market in Elm Creek
- Renters make up 12.0% of the Elm Creek population
- 0.0% of houses and apartments in Elm Creek, 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.