The housing market in Elkader, IA is an attractive option for potential buyers looking to purchase a home. The median value of homes in the area is at $114,900, which is significantly lower than the US median value of $338,100. The 1 year appreciation rate for houses in Elkader is 11.30%, higher than the US average of 8.27%. This indicates that there could be strong growth potential for those investing in real estate in this area.
The median home cost in Elkader is $114,900. Home appreciation the last 10 years has been 55.3%. Home Appreciation in Elkader is up 13.6%.
Average Age of Homes
- The median age of Elkader real estate is 68 years old
The Rental Market in Elkader
- Renters make up 22.0% of the Elkader population
- 3.5% of houses and apartments in Elkader, 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.