The housing market in Elgin, ND is quite attractive. The median value of a house in Elgin is $117,800, which is significantly lower than the national median value of $338,100. Additionally, the appreciation rate for homes in Elgin over the past year was 6.75%, which is slightly below the US average of 8.27%. This makes Elgin a great place to purchase or invest in real estate given its low cost and steady appreciation rate.
The median home cost in Elgin is $117,800. Home appreciation the last 10 years has been 60.8%. Home Appreciation in Elgin is up 10.9%.
Average Age of Homes
- The median age of Elgin real estate is 54 years old
The Rental Market in Elgin
- Renters make up 22.2% of the Elgin population
- 0.6% 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.