The housing market in 56027 Elmore, Minnesota is significantly more affordable than the national average. The median home value in the area is just $60,000, compared to the US median of $338,100. Despite its affordability, Elmore has experienced a notable appreciation rate over the past year at 11.33%, outpacing the national rate of 8.27%. This indicates that homes in this area are becoming increasingly desirable and may be a strong investment opportunity for buyers.
The median home cost in Elmore (zip 56027) is $60,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Elmore (zip 56027) is up 11.6%.
Average Age of Homes
- The median age of Elmore (zip 56027) real estate is 70 years old
The Rental Market in Elmore (zip 56027)
- Renters make up 16.2% of the Elmore (zip 56027) population
- 0.0% of houses and apartments in Elmore (zip 56027), 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.