The housing market in Elkhart, TX (75839) is booming. The median value for a house in the area is currently $194,400, which is significantly lower than the US median value of $338,100. However, what really sets this area apart from the rest of the country is its house appreciation rate. The US 1 year house appreciation rate is 8.27%, whereas Elkhart's has been 16.22%. This means that investment in Elkhart real estate can potentially yield double the returns of other locations nationwide. With such attractive conditions and a solid median value, it's no wonder why so many people are flocking to Elkhart for their housing needs!
The median home cost in Elkhart (zip 75839) is $194,400. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Elkhart (zip 75839) is up 19.7%.
Average Age of Homes
- The median age of Elkhart (zip 75839) real estate is 29 years old
The Rental Market in Elkhart (zip 75839)
- Renters make up 15.8% of the Elkhart (zip 75839) population
- 1.7% of houses and apartments in Elkhart (zip 75839), 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.