Elm River, ND is a great place to invest in real estate due to its high house median value of $182,900 and the higher than US average 1 year appreciation rate of 12.36%. This makes a great investment opportunity for homebuyers as it offers more value and stability than many other areas. The housing market in Elm River is stable and growing, which means that investing in these types of properties now can lead to strong returns in the future. Furthermore, the US house median value is much higher at $338,100 so there is potential for further appreciation over time.
The median home cost in Elm River is $182,900. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Elm River is up 13.5%.
Average Age of Homes
- The median age of Elm River real estate is 62 years old
The Rental Market in Elm River
- Renters make up 0.0% of the Elm River population
- 0.0% of houses and apartments in Elm River, 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.