Zip 27244 (Elon, NC) Housing

The housing in 27244 Elon, NC has a median value of $281,900, which is significantly lower than the US median house price of $338,100. However, the 1 year house appreciation rate in 27244 Elon, NC is 16.52%, more than double that of the US at 8.27%. This points to a relatively strong market for real estate in this area and could be a great opportunity for potential home buyers or investors.

The median home cost in Elon (zip 27244) is $281,900. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Elon (zip 27244) is up 23.2%.

Average Age of Homes

- The median age of Elon (zip 27244) real estate is 27 years old

The Rental Market in Elon (zip 27244)

- Renters make up 27.3% of the Elon (zip 27244) population
- 1.0% of houses and apartments in Elon (zip 27244), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elon, North Carolina	United States
	5,488.0	139,647,020.0
	30	42
	$281,900	$338,100
	23.2%	16.6%
	69.5%	57.0%
	87.6%	101.1%
	$7.93	$10.98
	$1,727	$2,690
	66.9%	57.4%
	9.9%	11.2%
	23.2%	31.4%
Vacant Housing
	1.0%	1.9%
	1.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	7.1%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	0.4%	2.4%
	1.3%	2.8%
	3.7%	3.9%
	5.0%	4.5%
	13.8%	11.3%
	16.6%	13.0%
	22.8%	20.1%
	18.9%	13.6%
	8.5%	8.3%
	2.0%	9.7%
	0.5%	3.9%
	1.3%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.2%	13.6%
	20.2%	13.6%
	18.8%	13.6%
	15.9%	13.2%
	14.0%	14.8%
	18.8%	13.6%
	7.3%	10.0%
	3.0%	4.7%
	4.3%	12.2%

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