There are currently 1,129 real estate properties in Elk Park, NC, with a median automated valuation model (AVM) price of $201,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elk Park, NC, 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 Elk Park, NC, is $284,813.00, with the most expensive house in Elk Park, NC, topping out at $11,590,800.00 and the cheapest home in Elk Park, NC, clocking in at $15,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Elk Park, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elk Park, NC, is on a rollercoaster ride. The average rent price in Elk Park, NC, is $1,064.00. Indeed, when looking to rent in Elk Park, NC, you can expect to pay as little as $500.00 or as much as $2,860.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Elk Park, NC -- 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.
Elk Park is located in Avery, North Carolina, with an estimated municipal population of 444 residents. All of the best foreclosed homes for sale in Elk Park are located in the following zip code areas on Foreclosure.com: 28622. The estimated population per square kilometer (.62 miles) in Elk Park is 248.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Elk Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Elk Park is 31.8, split between 52.4 percent male versus 47.6 female. The percentage of residents who report being married in Elk Park is 45, with an average family size of 2.7.
The percentage of residents who report their race in Elk Park is as follows:
| White | 97.3% |
| Black / African American | 0.7% |
| Asian | 0.8% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.2% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Elk Park? Or maybe you are searching for 55+ active adult communities in and/or near Elk Park?
The percentage of residents who report their age in Elk Park is as follows:
| Under 10 | 14.4% |
| Aged 10-19 | 11.7% |
| 20s | 19.4% |
| 30s | 11.2% |
| 40s | 19.1% |
| 50s | 12.3% |
| 60s | 8.4% |
| 70s | 1.8% |
| 80+ | 1.9% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Elk Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elk Park.
How do you know that living in -- or moving to -- Elk Park is right where you need to be? Perhaps you grew up in Elk Park or already live nearby; therefore, the decision to buy a home in Elk Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elk Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Elk Park:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elk Park.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elk Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elk Park, meanwhile, can field multiple offers from more qualified buyers.
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