The housing market in Elmo, UT is thriving. The median value of houses in the area is $159,500, which is significantly lower than the US median value of $338,100. Over the past year, appreciation for houses in Elmo has been even higher than the national average at 13.51%, compared to 8.27%. This indicates that the local market has seen a strong increase and steady growth in property values over this period.
The median home cost in Elmo is $159,500. Home appreciation the last 10 years has been 134.7%. Home Appreciation in Elmo is up 19.0%.
Average Age of Homes
- The median age of Elmo real estate is 41 years old
The Rental Market in Elmo
- Renters make up 27.7% of the Elmo population
- 8.0% of houses and apartments in Elmo, 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.