Elgin, OH Foreclosures
How much do homes sell for in Elgin, OH?
The average home price is currently $219,261.
In Elgin, OH, how many homes are available?
There are currently 16 active home listings available in Elgin.
What’s the average rental cost in Elgin, OH?
The average rental price in Elgin is $1,159.
What is the most expensive home in Elgin?
The most expensive home sold in Elgin had a price of $931,977.
What is currently the cheapest priced home in Elgin, OH?
The cheapest home for sale in Elgin is priced at $22,354.
Living in Elgin, OH
Elgin, Ohio is a quaint city known for its strong sense of community and family-friendly atmosphere. With a variety of parks, recreational facilities, and local shops, it offers residents a peaceful suburban lifestyle. The city's close proximity to larger urban centers allows for easy access to both work and leisure activities.
Current Market Conditions in Elgin, OH
Current market conditions in Elgin, OH, show a thriving real estate sector with increasing demand for housing. Home prices have been steadily rising over the past few years, making it a competitive market for buyers, particularly in desirable neighborhoods. As new developments arise and existing homes receive renovations, the area continues to attract a diverse range of buyers.
Recent trends indicate an increase in young families moving to Elgin, attracted by its family-friendly amenities and access to good schools. This demographic shift is driving the demand for single-family homes, leading to quicker sales and, in some instances, multiple offers for properties.
Home Value Estimator For Elgin, OH
There are currently 20 real estate properties
in Elgin, OH,
with a median automated valuation model (AVM) price
of $146,821.00. 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, OH, 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, OH,
is $219,261.00, with the most expensive house
in Elgin, OH, topping out
at $931,977.00 and the cheapest home
in Elgin, OH,
clocking in at $22,354.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elgin, OH!
Rent Prices
In Elgin, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elgin, OH, is on
a rollercoaster ride. The
average rent price in Elgin, OH,
is $1,159.00. Indeed, when looking to rent in
Elgin, OH, you can expect to pay as little
as $760.00 or as much
as $1,860.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Elgin, OH
-- 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.
Learn more on Foreclosure homes
