In Elk, MN, the median housing value is $316,100. Although this is lower than the US median housing value of $338,100, the appreciation rate for homes in Elk has been higher in the past year at 9.54%, compared with the 8.27% appreciation rate nationally. This indicates that housing in Elk is a sound investment and that it has been performing well over the past year.
The median home cost in Elk is $316,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Elk is up 14.7%.
Average Age of Homes
- The median age of Elk real estate is 72 years old
The Rental Market in Elk
- Renters make up 13.2% of the Elk population
- 0.0% of houses and apartments in Elk, 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.