The housing market in Elgin, PA is quite strong. The median value of a house in Elgin is $100,100 which is considerably lower than the US House median value of $338,100. Despite this difference, the 1 year house appreciation rate for Elgin has been 6.70%, slightly lower than the national rate of 8.27%. This shows that despite the lower prices, there is still an active and growing market in Elgin for buying and selling houses.
The median home cost in Elgin is $100,100. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Elgin is up 13.4%.
Average Age of Homes
- The median age of Elgin real estate is 75 years old
The Rental Market in Elgin
- Renters make up 17.6% of the Elgin population
- 0.0% of houses and apartments in Elgin, 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.