Elkton, SD is an area with a comparatively lower median housing value than the US overall. The median value of homes in Elkton is $151,300, which is significantly lower than the US median house value of $338,100. However, the appreciation rate of homes in Elkton has been higher than the national figure over the past year. Homeowners have seen a 1-year appreciation rate of 12.74%, which is much higher than the 8.27% appreciation rate for US houses over the same time period. This indicates that although there may be a lower initial investment to purchase a home in Elkton compared to other areas, homeowners here could potentially benefit from greater returns on investment.
The median home cost in Elkton is $151,300. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Elkton is up 18.1%.
Average Age of Homes
- The median age of Elkton real estate is 53 years old
The Rental Market in Elkton
- Renters make up 27.6% of the Elkton population
- 0.6% of houses and apartments in Elkton, 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.