The housing market in Elizabeth, Minnesota is thriving. The median value for a home in Elizabeth is $186,600, which is significantly lower than the US median value of $338,100. This makes the area an attractive option for potential buyers who are looking to get more house for their money. Despite being lower than the national average, Elizabeth has had an impressive 1 year house appreciation rate of 8.21%, only slightly lower than the national 1 year appreciation rate of 8.27%. This shows that not only is the town a great place to buy property but it's also a wise investment with good potential for growth.
The median home cost in Elizabeth is $186,600. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elizabeth is up 13.6%.
Average Age of Homes
- The median age of Elizabeth real estate is 37 years old
The Rental Market in Elizabeth
- Renters make up 18.3% of the Elizabeth population
- 0.0% of houses and apartments in Elizabeth, 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.