The housing market in Elmore, AL is thriving. The median value of a home in Elmore is $203,800, which is significantly lower than the US House Median Value of $338,100. This indicates that there are more affordable options for those looking to buy a home in Elmore. The US 1 year house appreciation rate was 8.27%, whereas Elmore had an appreciation rate of 16.13%. This suggests that the housing market in Elmore is growing at a faster rate than the national average and is a great place for potential homeowners to invest their money.
The median home cost in Elmore is $203,800. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Elmore is up 13.3%.
Average Age of Homes
- The median age of Elmore real estate is 23 years old
The Rental Market in Elmore
- Renters make up 28.9% of the Elmore population
- 10.3% of houses and apartments in Elmore, 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.