Little Elbow, MN is a great place to own a home. The median value of housing in the area is $146,600, which is substantially lower than the US house median value of $338,100. Despite this difference the one year house appreciation rate for Little Elbow, MN is 8.21%, only slightly less than the US one year house appreciation rate of 8.27%. This suggests that the housing market in Little Elbow is growing and becoming more valuable as time goes on. With its low cost and strong appreciation rate, Little Elbow might be an excellent option for anyone looking to purchase a home in Minnesota.
The median home cost in Little Elbow is $146,600. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Little Elbow is up 13.6%.
Average Age of Homes
- The median age of Little Elbow real estate is 40 years old
The Rental Market in Little Elbow
- Renters make up 6.7% of the Little Elbow population
- 0.0% of houses and apartments in Little Elbow, 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.