According to statistics, the population in Elk Grove, CA amounts to 166,228, which shows growth 2% compared to the previous year. The median age of the city’s residents is 36. The average household income is $85,556, shifting growth 3% from the past year, and the average property value in Elk Grove, CA growth 10% to $349,500 throughout the year.
|Number Of Employees||75,784|
|Median Property Value||$349,500|
The average household income in Elk Grove, CA grew from $83,141 to $85,556 in the past year. This data is an estimate based upon 51,351 households in Elk Grove, CA . The chart below presents how household income is distributed in Elk Grove, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Elk Grove, CA shifted from $317,500 to $349,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elk Grove, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elk Grove, CA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elk Grove, CA compared to median property taxes around the country. The prevalent amount of property taxes in Elk Grove, CA equals $3000, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Elk Grove, CA decreased by 12.6% to $588,278.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $198,000 with no changes this month. Asking price for 2-bed apartment also decreased by 15.1% and a place of this size will now cost you $411,266. A 3-bed apartment goes for $542,847, it decreased by 3.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 11.9% and made it down to $701,297.
The average cost of an apartment in Elk Grove, CA rised by 11.8% to $180,240. Price reports demonstrate that house price decreased by 8.7% this month making it up to $621,647. Condos faced an upward trend these days. The median price for a condo decreased by 22.6%, it’s now available for $301,571. The price dynamics of lofts changed, it decreased by 0.1%, the price tag now starts at $744,900.