Elmo, MN is a great place to live and own a home. The median value of housing in Elmo is $322,300 which is slightly lower than the national median value of $338,100 - but don't be fooled, this doesn't mean that it is an inferior market! In fact, the 1 year house appreciation rate in Elmo was 7.97%, which is only 0.3% lower than the national rate of 8.27%. With affordable housing prices and a competitive appreciation rate, Elmo's housing market looks very promising for potential buyers and existing homeowners alike!
The median home cost in Elmo is $322,300. Home appreciation the last 10 years has been 75.6%. Home Appreciation in Elmo is up 13.6%.
Average Age of Homes
- The median age of Elmo real estate is 43 years old
The Rental Market in Elmo
- Renters make up 8.5% of the Elmo population
- 0.0% of houses and apartments in Elmo, 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.