Median price for residential apartments in Elkhart, TX as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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8 Elkhart, TX 75839, USA apartments for sale
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Elkhart
According to statistics, the population in Elkhart, TX amounts to 1,365, which shows growth 7% compared to the previous year. The median age of the city’s residents is 38. The average household income is $34,539, shifting growth 12% from the past year, and the average property value in Elkhart, TX growth 6% to $72,200 throughout the year.
| Population | 1,365 |
| Median Age | 37.5 |
| Poverty Rate | 22% |
| Household Income | $34,539 |
| Number Of Employees | 568 |
| Median Property Value | $72,200 |
Household Income
The average household income in Elkhart, TX grew from $30,721 to $34,539 in the past year. This data is an estimate based upon 453 households in Elkhart, TX . The chart below presents how household income is distributed in Elkhart, TX in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Elkhart, TX shifted from $67,800 to $72,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elkhart, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elkhart, TX properties falls in the '$50,000 to $59,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elkhart, TX compared to median property taxes around the country. The prevalent amount of property taxes in Elkhart, TX equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Elkhart, TX 75839, USA
Average apartment sale in Elkhart: $408,910 (+6.8%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $138,296 | +0.8% |
| 2-bed apartments | $116,083 | +67% |
| 3-bed apartments | $486,000 | +0% |
| 4+ bed apartments | $1,395,000 | +0% |
During Dec 2022, the average price for an apartment in/near Elkhart, TX increased by 6.8% to $408,910.
Knowing the current property prices is key if you plan to buy a studio in Elkhart, TX. The average price for a studio has increased since the last month, currently being $138,296. After collecting all data points, we now see that the average price for 1-bed apartment stands at $40,000 with no changes this month. Asking price for 2-bed apartment also increased by 67% and a place of this size will now cost you $116,083. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $486,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,395,000 for a big-family home.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $575,442 | +3% |
| Land for sale | $138,296 | +0.8% |
Price reports demonstrate that house price increased by 3% this month making it up to $575,442. The average price of the land for sale in Elkhart, TX has increased by 0.8%, and now equals $138,296.
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