Elk Lake, MN is a great place to consider when looking for affordable housing. The median value of homes in the area is $326,600 which is lower than the U.S. house median value of $338,100. The appreciation rate of houses in Elk Lake over the last year has been 7.75%, slightly below the US 1 year house appreciation rate of 8.27%. This could provide an opportunity for potential buyers to purchase a home at a more affordable price while still receiving appreciation on their investment.
The median home cost in Elk Lake is $326,600. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Elk Lake is up 13.6%.
Average Age of Homes
- The median age of Elk Lake real estate is 37 years old
The Rental Market in Elk Lake
- Renters make up 2.4% of the Elk Lake population
- 0.0% of houses and apartments in Elk Lake, 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.