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Foreclosure Homes in Elkin, NC 28621

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Elkin, NC Foreclosures

How much do homes sell for in Elkin, NC?
The average home price is currently $300,585.
In Elkin, NC, how many homes are available?
There are currently 28 active home listings available in Elkin.
What’s the average rental cost in Elkin, NC?
The average rental price in Elkin is $991.
What is the most expensive home in Elkin?
The most expensive home sold in Elkin had a price of $42,470,752.
What is currently the cheapest priced home in Elkin, NC?
The cheapest home for sale in Elkin is priced at $10,624.

Living in Elkin, NC

Elkin, NC, is a quaint town in the heart of the Yadkin Valley, known for its picturesque vineyards, outdoor activities, and tight-knit community. The area combines rural charm with modern conveniences, making it a suitable location for families and retirees alike. With its rich history and beautiful landscapes, Elkin offers an inviting lifestyle that emphasizes relaxation and community engagement.

Current Market Conditions in Elkin, NC

Elkin's real estate market has shown resilience and growth, with increased interest from buyers seeking more affordable housing options compared to urban centers. The demand for single-family homes has been on the rise due to Elkin's attractive community features and outdoor lifestyle.

Home prices in Elkin have stabilized, with a slight upward trend as new developments and renovations breathe fresh life into the market. The area is becoming popular among both younger families and retirees, contributing to a balanced market.

Investors are also looking towards Elkin due to its tourism potential and an influx of amenities, which are expected to further enhance property values.

Home Value Estimator For Elkin, NC

There are currently 3,600 real estate properties in Elkin, NC, with a median automated valuation model (AVM) price of $228,796.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elkin, NC, 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 Elkin, NC, is $300,585.00, with the most expensive house in Elkin, NC, topping out at $42,470,752.00 and the cheapest home in Elkin, NC, clocking in at $10,624.00. In other words, there’s something for every potential homebuyer or savvy investor in Elkin, NC!

Rent Prices In Elkin, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elkin, NC, is on a rollercoaster ride. The average rent price in Elkin, NC, is $991.00. Indeed, when looking to rent in Elkin, NC, you can expect to pay as little as $460.00 or as much as $2,630.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Elkin, NC -- 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.

Elkin, NC 28621 Foreclosures

Market Trend for Elkin, NC

Total Listings Available: 28

Market Values:

Home Prices from $10,624 to $42,470,752

Average Sales Price: $300,585

Rental Values:

Rental from $460 to $2,630

Average Rent Value: $991 / month

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