Housing in Elgin township, MN is a bit more expensive than the national average, with a median value of $417,300 compared to $338,100 for the US. Despite this higher cost of living, the appreciation rate of 6.78% for housing in Elgin township is slightly lower than the national average over the last year at 8.27%. This suggests that the market for housing is relatively stable in Elgin township and provides good opportunities for potential homebuyers.
The median home cost in Elgin township is $417,300. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Elgin township is up 11.4%.
Average Age of Homes
- The median age of Elgin township real estate is 37 years old
The Rental Market in Elgin township
- Renters make up 12.5% of the Elgin township population
- 0.0% of houses and apartments in Elgin 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.