Elma, Iowa (50628) is home to a thriving housing market. The median value of homes in Elma is $152,800, which is significantly lower than the national median value of $338,100. Despite this difference in house values between Elma and the US as a whole, house appreciation has been strong over the past year in Elma with an 11.21% increase compared to 8.27% nationally. This reflects a growing demand for housing within Elma and suggests that it may be an attractive option for potential buyers looking for affordable housing options.
The median home cost in Elma (zip 50628) is $152,800. Home appreciation the last 10 years has been 51.2%. Home Appreciation in Elma (zip 50628) is up 13.3%.
Average Age of Homes
- The median age of Elma (zip 50628) real estate is 78 years old
The Rental Market in Elma (zip 50628)
- Renters make up 27.2% of the Elma (zip 50628) population
- 1.7% of houses and apartments in Elma (zip 50628), 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.