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Cheap Homes in Elgin, IA

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Elgin, IA Foreclosures

How much do homes sell for in Elgin, IA?
The average home price is currently $209,112.
In Elgin, IA, how many homes are available?
There are currently 2 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 $1,064,480.
What is currently the cheapest priced home in Elgin, IA?
The cheapest home for sale in Elgin is priced at $15,730.

Living in Elgin, IA

Elgin, Iowa is a quaint village nestled in the heart of northeastern Iowa, known for its charming atmosphere and rich history. Surrounded by natural beauty, the area offers ample opportunities for outdoor activities while providing the convenience of nearby larger towns. With a strong sense of community and excellent schools, Elgin is an ideal place for families and those seeking a peaceful lifestyle.

Current Market Conditions in Elgin, IA

The real estate market in Elgin, IA is currently stable, with steady demand for single-family homes. The average home price has seen modest growth recently as new residents are attracted to the area’s affordability and quality of life. The local economy supports various industries, creating job opportunities and encouraging people to invest in homes here.

Trends indicate a growing interest in Elgin, particularly from individuals seeking homes in quieter settings away from urban chaos. The market remains balanced with a mix of buyers and sellers, making it a favorable time for investing in Elgin's real estate.

Home Value Estimator For Elgin, IA

There are currently 570 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 $209,112.00, with the most expensive house in Elgin, IA, topping out at $1,064,480.00 and the cheapest home in Elgin, IA, clocking in at $15,730.00. 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.

Cheap Homes in Elgin, IA

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