The housing market in Elmwood, MN is looking strong. The median value of homes in the area is $322,500 which is slightly below the US median value of $338,100. However, over the last year home values have appreciated by 8.21%, just slightly below the appreciation rate for the nation as a whole at 8.27%. With strong appreciation rates and solid median values, Elmwood looks like a great place to invest into real estate for those looking to buy or sell property soon.
The median home cost in Elmwood is $322,500. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elmwood is up 13.6%.
Average Age of Homes
- The median age of Elmwood real estate is 48 years old
The Rental Market in Elmwood
- Renters make up 0.6% of the Elmwood population
- 0.0% of houses and apartments in Elmwood, 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.