Elma, IA Foreclosures
How much do homes sell for in Elma, IA?
The average home price is currently $216,274.
In Elma, IA, how many homes are available?
There are currently 1 active home listings available in Elma.
What’s the average rental cost in Elma, IA?
The average rental price in Elma is $1,196.
What is the most expensive home in Elma?
The most expensive home sold in Elma had a price of $978,619.
What is currently the cheapest priced home in Elma, IA?
The cheapest home for sale in Elma is priced at $18,314.
Living in Elma, IA
Elma, Iowa is a charming small town that offers a welcoming community and a rural lifestyle. With a strong focus on agriculture, this town boasts beautiful landscapes and a peaceful atmosphere. Elma is conducive to family life, with good schools and local amenities, making it an attractive option for anyone seeking a quieter pace of life.
Current Market Conditions in Elma, IA
The real estate market in Elma, IA is currently experiencing moderate activity with homes primarily being single-family residences. Despite being a small town, there's a growing interest among homebuyers, particularly those looking for affordable rural living. The prices remain competitive, attracting a mix of first-time buyers and investors seeking rental properties.
In the past few years, Elma has seen increased property values due to the influx of new residents and a stable demand for homes. The market is characterized by a range of prices, allowing buyers to find homes that suit various budgets and preferences.
Home Value Estimator For Elma, IA
There are currently 485 real estate properties
in Elma, IA,
with a median automated valuation model (AVM) price
of $163,936.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elma, IA, 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 Elma, IA,
is $216,274.00, with the most expensive house
in Elma, IA, topping out
at $978,619.00 and the cheapest home
in Elma, IA,
clocking in at $18,314.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elma, IA!
Rent Prices
In Elma, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elma, IA, is on
a rollercoaster ride. The
average rent price in Elma, IA,
is $1,196.00. Indeed, when looking to rent in
Elma, IA, you can expect to pay as little
as $740.00 or as much
as $1,760.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Elma, IA
-- 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
