Elsmere, DE has a median house value of $203,400, much lower than the US median of $338,100. Despite the lower value, Elsmere's 1 year house appreciation rate is actually higher than the national number at 10.72%, making it a great investment opportunity for those looking to buy in the area. The booming real estate market shows promise for continued growth and development in Elsmere.
The median home cost in Elsmere is $203,400. Home appreciation the last 10 years has been 53.1%. Home Appreciation in Elsmere is up 12.1%.
Average Age of Homes
- The median age of Elsmere real estate is 63 years old
The Rental Market in Elsmere
- Renters make up 32.3% of the Elsmere population
- 6.0% of houses and apartments in Elsmere, 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.