Housing in 83525 Elk City, ID is quite desirable due to the median value being much lower than the US average at $247,900. Additionally, while the US has only seen an appreciation rate of 8.27%, Elk City homes have appreciated 15.69% in the last year, making it a great place to invest in real estate. The combination of a lower median value and higher appreciation rate make this small city a great place to buy or rent a home.
The median home cost in Elk City (zip 83525) is $247,900. Home appreciation the last 10 years has been 116.3%. Home Appreciation in Elk City (zip 83525) is up 21.5%.
Average Age of Homes
- The median age of Elk City (zip 83525) real estate is 35 years old
The Rental Market in Elk City (zip 83525)
- Renters make up 7.1% of the Elk City (zip 83525) population
- 7.3% of houses and apartments in Elk City (zip 83525), 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.