The housing market in Elmo, MO is much more affordable than the US median home value. The median home value in Elmo, MO is $99,400 compared to a US median home value of $338,100. This year has seen a 8.27% appreciation rate for homes across the US but in Elmo, MO the appreciation rate of 11.42% has been higher than average. This indicates that now is a great time to invest in Elmo's housing market with potential for a good return on investment over the coming years.
The median home cost in Elmo is $99,400. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Elmo is up 11.0%.
Average Age of Homes
- The median age of Elmo real estate is 65 years old
The Rental Market in Elmo
- Renters make up 26.8% of the Elmo population
- 0.0% of houses and apartments in Elmo, 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.