Elmo, UT Foreclosures
How much do homes sell for in Elmo, UT?
The average home price is currently $366,384.
What’s the average rental cost in Elmo, UT?
The average rental price in Elmo is $1,815.
What is the most expensive home in Elmo?
The most expensive home sold in Elmo had a price of $834,700.
What is currently the cheapest priced home in Elmo, UT?
The cheapest home for sale in Elmo is priced at $169,475.
Living in Elmo, UT
Nestled in the scenic landscapes of Utah, Elmo is a charming small town known for its tight-knit community and tranquil lifestyle. With a population of around 300, residents enjoy a peaceful environment surrounded by nature. Ideal for outdoor enthusiasts, Elmo offers opportunities for hiking, fishing, and camping while still being a short drive away from larger urban areas for additional amenities and entertainment.
Current Market Conditions in Elmo, UT
The real estate market in Elmo, UT appears stable, with a consistent demand for housing due to its appeal as a quiet, rural community. Home prices in Elmo are generally lower than in more urban areas of Utah, making it an attractive option for first-time home buyers or those looking for affordable housing options. The market has shown signs of gradual growth, reflecting the steady interest in small-town living.
Many buyers are attracted to Elmo not only for the low housing prices but also for the lifestyle it offers. As families seek safer, quieter places to raise children, and remote workers look for communities away from the hustle and bustle of the city, Elmo has experienced an increase in home sales over the past year, leading to a slight increase in property values.
Home Value Estimator For Elmo, UT
There are currently 17 real estate properties
in Elmo, UT,
with a median automated valuation model (AVM) price
of $317,685.00. 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, UT, 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, UT,
is $366,384.00, with the most expensive house
in Elmo, UT, topping out
at $834,700.00 and the cheapest home
in Elmo, UT,
clocking in at $169,475.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elmo, UT!
Rent Prices
In Elmo, UT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elmo, UT, is on
a rollercoaster ride. The
average rent price in Elmo, UT,
is $1,815.00. Indeed, when looking to rent in
Elmo, UT, you can expect to pay as little
as $1,400.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,680.00. The good news is that finding
an affordable and desirable property to rent in Elmo, UT
-- 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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