Elba, MN Housing

The housing in Elba, Minnesota is a great investment opportunity. The median value of the houses in Elba is $198,200, which is significantly less than the US median of $338,100. Despite the lower cost of housing in Elba, it has seen an appreciation rate of 6.78% over the past year. This rate is slightly lower than the national average of 8.27%, but still provides a good return on investment for those looking to purchase property in Elba.

The median home cost in Elba is $198,200. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Elba is up 11.4%.

Average Age of Homes

- The median age of Elba real estate is 47 years old

The Rental Market in Elba

- Renters make up 17.0% of the Elba population
- 0.0% of houses and apartments in Elba, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elba, Minnesota	United States
	45.0	139,647,020.0
	50	42
	$198,200	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$10.05	$10.98
	$1,313	$2,690
	75.6%	57.4%
	22.2%	11.2%
	2.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	8.9%	0.7%
	0.0%	0.4%
	13.3%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	5.9%	2.4%
	11.8%	2.8%
	0.0%	3.9%
	8.8%	4.5%
	11.8%	11.3%
	17.6%	13.0%
	29.4%	20.1%
	8.8%	13.6%
	0.0%	8.3%
	5.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.4%	13.6%
	4.4%	13.6%
	17.8%	13.6%
	13.3%	13.2%
	15.6%	14.8%
	17.8%	13.6%
	4.4%	10.0%
	0.0%	4.7%
	35.6%	12.2%