Elk Point, SD is a small town located in Union County with a population of 1,141. The median home value in Elk Point is $254,600, which is significantly lower than the US median home value of $338,100. Despite this lower cost of living, homes in Elk Point have seen an impressive rate of appreciation over the past year of 12.74%, compared to the national average of 8.27%. This is likely due to the expanding population and infrastructure investments being made in the area. With its current affordability and predicted future growth, now may be an ideal time for homeowners or potential buyers to invest in the Elk Point housing market.
The median home cost in Elk Point (zip 57025) is $254,600. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Elk Point (zip 57025) is up 18.1%.
Average Age of Homes
- The median age of Elk Point (zip 57025) real estate is 44 years old
The Rental Market in Elk Point (zip 57025)
- Renters make up 19.3% of the Elk Point (zip 57025) population
- 1.1% of houses and apartments in Elk Point (zip 57025), 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.