Elmwood Place is a charming small town in Ohio that is known for its affordable housing. The median value of homes in Elmwood Place is $83,900, which is significantly lower than the US median value of $338,100. This presents a great opportunity for those looking to buy homes in the area at an affordable price. Aside from affordability, potential buyers can also benefit from the 10.68% house appreciation rate over the past year - higher than the 8.27% rate across the entire US. For these reasons, Elmwood Place makes an attractive option for buying a home.
The median home cost in Elmwood Place is $83,900. Home appreciation the last 10 years has been 86.6%. Home Appreciation in Elmwood Place is up 16.6%.
Average Age of Homes
- The median age of Elmwood Place real estate is 78 years old
The Rental Market in Elmwood Place
- Renters make up 44.3% of the Elmwood Place population
- 3.9% of houses and apartments in Elmwood Place, 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.