Elmo, MO Foreclosures
How much do homes sell for in Elmo, MO?
The average home price is currently $170,483.
In Elmo, MO, how many homes are available?
There are currently 15 active home listings available in Elmo.
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 $759,800.
What is currently the cheapest priced home in Elmo, MO?
The cheapest home for sale in Elmo is priced at $36,495.
Living in Elmo, MO
Elmo, Missouri, is a quaint rural community characterized by its serene atmosphere, friendly residents, and beautiful natural landscapes. It's a great place for families and individuals looking for a peaceful lifestyle while still being a short distance away from larger cities for work and entertainment. Elmo offers excellent local schools, parks for recreational activities, and a close-knit community feel.
Current Market Conditions in Elmo, MO
Elmo's real estate market has seen moderate growth recently, making it an attractive option for those searching for affordable yet quality homes. The area still boasts low property prices compared to urban centers, which draws interest from first-time buyers and retirees. Homes here tend to sell quickly, particularly those that are well-maintained or have updates, indicating a healthy demand in this charming town.
Due to its rural setting, Elmo attracts buyers seeking larger properties, often with land, which is increasingly popular as remote work trends continue. Buyers are appreciating the balance of space and community, leading to a competitive market, albeit on a smaller scale than in larger cities. Overall, the market remains stable with a blend of affordability and demand.
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 $112,678.00. 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 $170,483.00, with the most expensive house
in Elmo, MO, topping out
at $759,800.00 and the cheapest home
in Elmo, MO,
clocking in at $36,495.00. 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.
Learn more on Foreclosure homes
