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Cheap Homes in Elgin, OR

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Elgin, OR Foreclosures

How much do homes sell for in Elgin, OR?
The average home price is currently $336,982.
What’s the average rental cost in Elgin, OR?
The average rental price in Elgin is $1,043.
What is the most expensive home in Elgin?
The most expensive home sold in Elgin had a price of $3,480,975.
What is currently the cheapest priced home in Elgin, OR?
The cheapest home for sale in Elgin is priced at $10,786.

Living in Elgin, OR

Elgin, Oregon is a quaint city characterized by its strong community ties and stunning natural surroundings. Ideal for outdoor enthusiasts, this area offers a blend of rural life alongside essential amenities. The friendly atmosphere and scenic landscapes make Elgin a great place to call home.

Current Market Conditions in Elgin, OR

The real estate market in Elgin, Oregon is currently experiencing a steady demand with a gradual increase in property values. Buyers are attracted to the area for its affordability compared to larger cities, and homes tend to sell relatively quickly due to the limited inventory available in this small town.

Due to the ongoing interest in rural properties, Elgin's market reflects a growing trend where more people are considering moving away from urban areas. The potential for growth in the local economy, alongside the region’s natural appeal, is drawing more diverse demographics looking for homes.

Home Value Estimator For Elgin, OR

There are currently 881 real estate properties in Elgin, OR, with a median automated valuation model (AVM) price of $255,810.00. 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, OR, 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, OR, is $336,982.00, with the most expensive house in Elgin, OR, topping out at $3,480,975.00 and the cheapest home in Elgin, OR, clocking in at $10,786.00. In other words, there’s something for every potential homebuyer or savvy investor in Elgin, OR!

Rent Prices In Elgin, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elgin, OR, is on a rollercoaster ride. The average rent price in Elgin, OR, is $1,043.00. Indeed, when looking to rent in Elgin, OR, you can expect to pay as little as $570.00 or as much as $2,140.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Elgin, OR -- 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, OR


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