Housing in Elkin, NC is a great option for anyone looking to buy or invest in property. The median value of housing in Elkin, NC is $193,100, which is lower than the US House Median Value of $338,100. In addition to the lower house value in Elkin, NC compared to the rest of the US, there's also been a higher appreciation rate for housing in Elkin over the past year. While the US House Appreciation rate was 8.27%, Elkin saw 18.74% appreciation on its housing during that same period of time. This makes it an especially attractive market for anyone looking to buy or invest in real estate in this area of North Carolina.
The median home cost in Elkin is $193,100. Home appreciation the last 10 years has been 92.8%. Home Appreciation in Elkin is up 24.0%.
Average Age of Homes
- The median age of Elkin real estate is 46 years old
The Rental Market in Elkin
- Renters make up 36.0% of the Elkin population
- 9.9% of houses and apartments in Elkin, 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.