Living in Ellis, KS
Ellis, KS, is a charming small town with a strong sense of community and abundant local amenities. It's known for its excellent schools and various recreational activities, perfect for young families. With its strategic position and welcoming atmosphere, Ellis represents an appealing option for real estate investment.
Current Market Conditions in Ellis, KS
The current real estate market in Ellis is relatively stable, with a slow but steady growth in property values. The combination of a low inventory of homes and affordable pricing points makes it a potential hotspot for investors looking to capitalize on future appreciation.
As more families and individuals seek the quiet, small-town life, demand for homes in Ellis is increasing. This trend is attracting investors like never before, as opportunities arise to enter a market that presents both value and potential income through rental properties.
Home Value Estimator For Ellis, KS
There are currently 82 real estate properties
in Ellis, KS,
with a median automated valuation model (AVM) price
of $137,600.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ellis, KS, 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 Ellis, KS,
is $191,753.00, with the most expensive house
in Ellis, KS, topping out
at $583,008.00 and the cheapest home
in Ellis, KS,
clocking in at $44,900.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ellis, KS!
Rent Prices
In Ellis, KS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ellis, KS, is on
a rollercoaster ride. The
average rent price in Ellis, KS,
is $1,191.00. Indeed, when looking to rent in
Ellis, KS, you can expect to pay as little
as $900.00 or as much
as $1,680.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Ellis, KS
-- 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.
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