Elmo, MO Foreclosures
How much do homes sell for in Elmo, MO?
The average home price is currently $168,640.
What’s the average rental cost in Elmo, MO?
The average rental price in Elmo is $898.
What is the most expensive home in Elmo?
The most expensive home sold in Elmo had a price of $775,000.
What is currently the cheapest priced home in Elmo, MO?
The cheapest home for sale in Elmo is priced at $35,771.
Living in Elmo, MO
Elmo, MO is a charming small town that provides a peaceful rural lifestyle. With a strong sense of community and close proximity to nature, it's perfect for those looking for tranquility away from urban environments. Residents enjoy access to outdoor activities, local events, and a friendly atmosphere.
Current Market Conditions in Elmo, MO
The current real estate market in Elmo is favorable for buyers looking for affordable properties in a rural setting. The average home prices remain low compared to urban areas, making it an attractive option for first-time homebuyers and retirees seeking peace and quiet.
Properties are selling moderately quickly, with a slight increase in interest as people seek for homes in rural areas post-pandemic. The market appears stable, with new listings occurring regularly, but overall inventory remains on the lower side.
Home Value Estimator For Elmo, MO
There are currently 169 real estate properties
in Elmo, MO,
with a median automated valuation model (AVM) price
of $114,508.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elmo, MO, 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 Elmo, MO,
is $168,640.00, with the most expensive house
in Elmo, MO, topping out
at $775,000.00 and the cheapest home
in Elmo, MO,
clocking in at $35,771.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elmo, MO!
Rent Prices
In Elmo, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elmo, MO, is on
a rollercoaster ride. The
average rent price in Elmo, MO,
is $898.00. Indeed, when looking to rent in
Elmo, MO, you can expect to pay as little
as $870.00 or as much
as $950.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Elmo, MO
-- 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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