Foreclosures in Elm City, NC

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View this home at Temperance Hall Rd Elm City NC 27822
$86,448 EMV
Temperance Hall Rd
Elm City, NC 27822
3 |
EST. RENT: $970
AUCTION: 05-30-2024
3 |
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Home Value Estimator For Elm City, NC

There are currently 2,921 real estate properties in Elm City, NC, with a median automated valuation model (AVM) price of $185,699.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elm City, 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 Elm City, NC, is $223,971.00, with the most expensive house in Elm City, NC, topping out at $1,805,219.00 and the cheapest home in Elm City, NC, clocking in at $6,656.00. In other words, there’s something for every potential homebuyer or savvy investor in Elm City, NC!

Rent Prices In Elm City, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elm City, NC, is on a rollercoaster ride. The average rent price in Elm City, NC, is $1,074.00. Indeed, when looking to rent in Elm City, NC, you can expect to pay as little as $520.00 or as much as $2,420.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Elm City, 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.

Top Reasons To Live In Elm City, NC In 2024

Elm City is located in Wilson, North Carolina, with an estimated municipal population of 1,292 residents. All of the best foreclosed homes for sale in Elm City are located in the following zip code areas on 27822. The estimated population per square kilometer (.62 miles) in Elm City is 644.

Cost Of Living In Elm City, NC

So, about how much do homes cost in Elm City? The most recent median value of resident-owned homes in Elm City is 78,777. An estimated 60.5 percent of households in Elm City own their homes, with an average family size of 3.32. The median household income in Elm City is 40,451, with4.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elm City, the median commute time of resident workers (in minutes) is 21.6. And last, but certainly not least, are you looking for homes to rent in Elm City? If so, the average rent price paid by renters in Elm City is 638, according to recent statistics.

Diversity And Demographics In Elm City, North Carolina

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 Elm City, 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 Elm City is 44.3, split between 54.2 percent male versus 45.8 female. The percentage of residents who report being married in Elm City is 42.8, with an average family size of 3.32.

The percentage of residents who report their race in Elm City is as follows:

White 29.1%
Black / African American 57.6%
Asian 1.2%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 8.3%

Looking for family-friendly neighborhoods in and/or near Elm City? Or maybe you are searching for 55+ active adult communities in and/or near Elm City?

The percentage of residents who report their age in Elm City is as follows:

Under 10 10.6%
Aged 10-19 16%
20s 11.4%
30s 7.5%
40s 12.8%
50s 12.5%
60s 17.5%
70s 8.3%
80+ 3.6%

Best Schools In Elm City, North Carolina

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 Elm City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elm City.

Pros And Cons Of Living In Elm City, North Carolina

How do you know that living in -- or moving to -- Elm City is right where you need to be? Perhaps you grew up in Elm City or already live nearby; therefore, the decision to buy a home in Elm City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elm City 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 Elm City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elm City.

Reasons To Move To Elm City, North Carolina, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elm City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elm City, meanwhile, can field multiple offers from more qualified buyers.

Elm City, NC Foreclosures


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