The housing market in Elbow Lake township, MN is highly desirable. The median value of a home in the town is $255,700, which is lower than the US median house value of $338,100. In the last year, house appreciation in Elbow Lake township was 8.21%, just slightly below the national average of 8.27%. With its lower values and good appreciation rate, homebuyers are increasingly attracted to Elbow Lake for their real estate needs.
The median home cost in Elbow Lake township is $255,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elbow Lake township is up 13.6%.
Average Age of Homes
- The median age of Elbow Lake township real estate is 63 years old
The Rental Market in Elbow Lake township
- Renters make up 4.1% of the Elbow Lake township population
- 0.0% of houses and apartments in Elbow Lake township, 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.