Little Elk, MN is home to many families and offers affordable housing options compared to the US average. The median value of a home in Little Elk is $227,100, which is significantly less than the US median at $338,100. In the past year, the US saw an 8.27% appreciation rate in housing values while Little Elk experienced an even greater appreciation rate with 10.99%. This demonstrates that there are great opportunities for potential homeowners in this area as they can purchase homes at lower prices and benefit from increasing values.
The median home cost in Little Elk is $227,100. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Little Elk is up 18.4%.
Average Age of Homes
- The median age of Little Elk real estate is 38 years old
The Rental Market in Little Elk
- Renters make up 5.5% of the Little Elk population
- 0.0% of houses and apartments in Little Elk, 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.