Zip 98541 (Elma, WA) Housing

The housing market in Elma, WA (98541) is strong and on the rise. According to current data, the median house value in Elma is $342,200, slightly higher than the US median house value of $338,100. Over the past year, Elma has seen an 8.98% appreciation rate for housing, which is higher than the national average of 8.27%. This shows that there is a great potential for growth in the area. With its rising home values and prime location, Elma presents an ideal opportunity for those looking to invest in real estate.

The median home cost in Elma (zip 98541) is $342,200. Home appreciation the last 10 years has been 140.9%. Home Appreciation in Elma (zip 98541) is up 16.1%.

Average Age of Homes

- The median age of Elma (zip 98541) real estate is 38 years old

The Rental Market in Elma (zip 98541)

- Renters make up 24.6% of the Elma (zip 98541) population
- 0.0% of houses and apartments in Elma (zip 98541), 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	Elma, Washington	United States
	4,845.0	139,647,020.0
	41	42
	$342,200	$338,100
	16.1%	16.6%
	84.1%	57.0%
	140.9%	101.1%
	$9.38	$10.98
	$2,143	$2,690
	60.1%	57.4%
	15.9%	11.2%
	24.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.9%	0.4%
	7.7%	3.6%
	7.1%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	3.7%	2.4%
	0.9%	2.8%
	3.3%	3.9%
	3.7%	4.5%
	7.3%	11.3%
	17.6%	13.0%
	23.1%	20.1%
	19.4%	13.6%
	9.5%	8.3%
	3.4%	9.7%
	3.4%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.5%	13.6%
	9.5%	13.6%
	19.5%	13.6%
	13.4%	13.2%
	26.9%	14.8%
	19.5%	13.6%
	3.6%	10.0%
	4.0%	4.7%
	10.4%	12.2%

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