Elma, NY is a great place to live for anyone looking to invest in a home. The median value of housing in Elma is $417,400, which is significantly higher than the US median value of $338,100. Additionally, the house appreciation rate of Elma has been 10.81% over the past year which is higher than the national average of 8.27%. This makes Elma an ideal location for homeowners as they can benefit from increased property values and strong long-term investments.
The median home cost in Elma is $417,400. Home appreciation the last 10 years has been 85.2%. Home Appreciation in Elma is up 13.1%.
Average Age of Homes
- The median age of Elma real estate is 50 years old
The Rental Market in Elma
- Renters make up 8.8% of the Elma population
- 0.0% of houses and apartments in Elma, 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.