The housing market in Elmira, MN is currently quite expensive, with a median value of $398,000. This is significantly higher than the US median house value of $338,100. However, the appreciation rate for houses in Elmira is slightly lower than the national average rate of 8.27%, at only 6.78%. Despite this slower growth in value, the housing market in Elmira remains robust and is an attractive option for those looking to invest or buy a home.
The median home cost in Elmira is $398,000. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Elmira is up 11.4%.
Average Age of Homes
- The median age of Elmira real estate is 48 years old
The Rental Market in Elmira
- Renters make up 18.3% of the Elmira population
- 0.0% of houses and apartments in Elmira, 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.