The housing market in Elmira, MI is very strong. The median value of a house in Elmira is $233,400, which is much lower than the US median value of $338,100. Interestingly, the one year house appreciation rate in Elmira is 16.52%, which is significantly higher than the national rate of 8.27%. This indicates that homes in Elmira are increasing in value faster than the nation as a whole and could be an attractive option for potential buyers.
The median home cost in Elmira is $233,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Elmira is up 21.4%.
Average Age of Homes
- The median age of Elmira real estate is 28 years old
The Rental Market in Elmira
- Renters make up 2.9% of the Elmira population
- 0.0% of houses and apartments in Elmira, 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.