Housing in Elon, NC is a hot commodity due to its low median value of $308,700 compared to the US House Median Value of $338,100. The US House Appreciation rate of 8.27% over the past year is trumped by Elon's 16.52% appreciation rate over the same time period making it an optimal place to invest in housing for those looking to make a financial gain on their investment.
The median home cost in Elon is $308,700. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Elon is up 23.2%.
Average Age of Homes
- The median age of Elon real estate is 23 years old
The Rental Market in Elon
- Renters make up 46.6% of the Elon population
- 2.3% of houses and apartments in Elon, 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.