Elkton, MN Foreclosures
How much do homes sell for in Elkton, MN?
The average home price is currently $465,586.
What’s the average rental cost in Elkton, MN?
The average rental price in Elkton is $1,409.
What is the most expensive home in Elkton?
The most expensive home sold in Elkton had a price of $3,383,014.
What is currently the cheapest priced home in Elkton, MN?
The cheapest home for sale in Elkton is priced at $58,145.
Living in Elkton, MN
Located in southeastern Minnesota, Elkton is a charming small town that offers a peaceful atmosphere and a strong sense of community. With its beautiful landscapes and access to outdoor activities, it is perfect for those seeking tranquility. Families are drawn to Elkton for its small-town charm and a network of community support.
Current Market Conditions in Elkton, MN
The real estate market in Elkton has shown stable growth over the past year, with home values steadily increasing. As more people search for affordable housing outside the larger cities, Elkton has become an attractive destination for both new buyers and investors looking for opportunities in rural areas. The community's quality of life and environment has played a significant role in this trend, driving demand for single-family homes.
Currently, Elkton's housing market is characterized by a mix of traditional and modern homes, catering to different buyer preferences and budgets. Properties tend to sell reasonably quickly, reflecting the area's desirable location and amenities.
Home Value Estimator For Elkton, MN
There are currently 104 real estate properties
in Elkton, MN,
with a median automated valuation model (AVM) price
of $261,744.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elkton, MN, 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 Elkton, MN,
is $465,586.00, with the most expensive house
in Elkton, MN, topping out
at $3,383,014.00 and the cheapest home
in Elkton, MN,
clocking in at $58,145.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elkton, MN!
Rent Prices
In Elkton, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elkton, MN, is on
a rollercoaster ride. The
average rent price in Elkton, MN,
is $1,409.00. Indeed, when looking to rent in
Elkton, MN, you can expect to pay as little
as $620.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,320.00. The good news is that finding
an affordable and desirable property to rent in Elkton, MN
-- 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
