The housing market in the 97827 Elgin, OR area is a great place to invest. The median value for homes in the area has risen to $212,400 in recent years and is higher than the US House Median Value of $338,100. The 1 year House Appreciation rate in the area has been 12.74%, which is well above the national average of 8.27%. With such high appreciation rates paired with a lower median value, the housing market in 97827 Elgin, OR shows great promise for potential investors.
The median home cost in Elgin (zip 97827) is $212,400. Home appreciation the last 10 years has been 105.4%. Home Appreciation in Elgin (zip 97827) is up 15.2%.
Average Age of Homes
- The median age of Elgin (zip 97827) real estate is 42 years old
The Rental Market in Elgin (zip 97827)
- Renters make up 24.8% of the Elgin (zip 97827) population
- 0.9% of houses and apartments in Elgin (zip 97827), 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.