The housing market is booming in 50073 Elkhart, IA. The median value of homes in the area is $275,500, which is significantly lower than the US median value of $338,100. This makes Elkhart an attractive option for buyers looking for a more affordable home. The 1 year house appreciation rate in Elkhart is also stronger than the US average at 12.55%, compared to 8.27%. This indicates that people are investing in this area and that property values are likely to increase further in the future. Overall, Elkhart is an excellent place to buy a house and invest in real estate.
The median home cost in Elkhart (zip 50073) is $275,500. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Elkhart (zip 50073) is up 11.4%.
Average Age of Homes
- The median age of Elkhart (zip 50073) real estate is 40 years old
The Rental Market in Elkhart (zip 50073)
- Renters make up 23.1% of the Elkhart (zip 50073) population
- 0.9% of houses and apartments in Elkhart (zip 50073), 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.