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Foreclosure Homes in Elgin, IA 52141

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Elgin, IA Foreclosures

How much do homes sell for in Elgin, IA?
The average home price is currently $218,267.
In Elgin, IA, how many homes are available?
There are currently 11 active home listings available in Elgin.
What’s the average rental cost in Elgin, IA?
The average rental price in Elgin is $1,215.
What is the most expensive home in Elgin?
The most expensive home sold in Elgin had a price of $986,369.
What is currently the cheapest priced home in Elgin, IA?
The cheapest home for sale in Elgin is priced at $10,958.

Living in Elgin, IA

Elgin, Iowa, combines a quaint small-town feel with a strong sense of community. Nestled in beautiful natural surroundings, it provides residents with an array of outdoor recreational activities. The charming downtown area, along with local events, enhances the quality of life for families and individuals alike.

Current Market Conditions in Elgin, IA

The real estate market in Elgin is currently stable, with a modest number of homes available for sale. Sellers are seeing reasonable demand, especially from families seeking to relocate to a peaceful environment. Average home prices are affordable compared to larger urban areas, drawing interest from first-time buyers and retirees looking to downsize.

Recent trends indicate that the market is moving toward a slight increase in home values as more buyers discover the appeal of living in rural Iowa. Investing in real estate in Elgin may offer strong potential for appreciation as the community continues to grow.

Home Value Estimator For Elgin, IA

There are currently 1,068 real estate properties in Elgin, IA, with a median automated valuation model (AVM) price of $171,282.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elgin, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elgin, IA, is $218,267.00, with the most expensive house in Elgin, IA, topping out at $986,369.00 and the cheapest home in Elgin, IA, clocking in at $10,958.00. In other words, there’s something for every potential homebuyer or savvy investor in Elgin, IA!

Rent Prices In Elgin, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elgin, IA, is on a rollercoaster ride. The average rent price in Elgin, IA, is $1,215.00. Indeed, when looking to rent in Elgin, IA, you can expect to pay as little as $570.00 or as much as $2,080.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Elgin, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elgin, IA 52141 Foreclosures

Market Trend for Elgin, IA

Total Listings Available: 11

Market Values:

Home Prices from $10,958 to $986,369

Average Sales Price: $218,267

Rental Values:

Rental from $570 to $2,080

Average Rent Value: $1,215 / month

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