The housing market in Elk City, OK is growing at a fast rate. The median value of homes in the city is $146,100, which is much lower than the US house median value of $338,100. In addition to this affordable price point, it’s also worth noting that the one year appreciation rate in Elk City is 13.34%, which is higher than the national rate of 8.27%. This means that investing in real estate in Elk City could be a smart decision right now as home values are likely to appreciate faster over time.
The median home cost in Elk City is $146,100. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Elk City is up 14.5%.
Average Age of Homes
- The median age of Elk City real estate is 37 years old
The Rental Market in Elk City
- Renters make up 31.6% of the Elk City population
- 9.0% of houses and apartments in Elk City, 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.