Elk Park, NC is a community that has experienced significant growth in housing value over the past year. The median housing value for Elk Park currently stands at $239,900, which is significantly lower than the US House median value of $338,100. However, Elk Park has seen a year-on-year appreciation rate of 18.74%, almost double the national average of 8.27%. This strong appreciation rate makes Elk Park an attractive option for both homeowners and potential buyers, as it offers a great opportunity to see a healthy return on investment.
The median home cost in Elk Park is $239,900. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Elk Park is up 24.0%.
Average Age of Homes
- The median age of Elk Park real estate is 43 years old
The Rental Market in Elk Park
- Renters make up 30.0% of the Elk Park population
- 3.3% of houses and apartments in Elk Park, 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.