Elgin, NE is a great place to buy a home. The median value of housing in the area is $170,800, which is less than the US house median value of $338,100. Additionally, the appreciation rate of houses in Elgin has been trending higher than the national average at 10.45% over the past year. This indicates that this market is growing and may be an ideal location for potential homeowners looking for an affordable option with good return on investment.
The median home cost in Elgin is $170,800. Home appreciation the last 10 years has been 80.6%. Home Appreciation in Elgin is up 15.2%.
Average Age of Homes
- The median age of Elgin real estate is 66 years old
The Rental Market in Elgin
- Renters make up 13.4% of the Elgin population
- 1.2% of houses and apartments in Elgin, 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.