The housing market in Elk, NJ is thriving, with the median value of a house being $381,000. This is significantly higher than the US median housing value of $338,100. Additionally, the appreciation rate of houses in Elk over the past year has been 12.78%, while the national average was 8.27%. This indicates that now is an excellent time to invest in property in Elk as it is likely to appreciate further. With its higher than average median value and strong appreciation rate, Elk appears to be a promising location for anyone looking to buy or sell property.
The median home cost in Elk is $381,000. Home appreciation the last 10 years has been 63.7%. Home Appreciation in Elk is up 17.8%.
Average Age of Homes
- The median age of Elk real estate is 40 years old
The Rental Market in Elk
- Renters make up 9.1% of the Elk population
- 0.0% of houses and apartments in 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.