Looking for a Home for sale in Elba MI? Property Statistics in Elba Township
The median income for a household is around $53,614 while families tend to have a median income of $56,231. Only 5.5% were below the poverty line, with a majority over 65, but let’s talk about homes.
The majority of homes are listed under $299,999, while 26% lie in between the $100,000 to $149,000 price range. There are properties for under $100,000 if this is what your budget needs. The 1960s saw a rise of homes for sale with 32.6% of current standing properties being built between 1960 and 1969, while 50% were built between 1990 and 2009. The median home value in Elba Township is roughly $153,900.
If these values aren’t cutting it for your budget, there is the option of renting in Elba Township. Approximately 46% of houses and apartments are unoccupied, waiting for the perfect person to occupy them. While renters only make up 5.5% of the population, there are still options out there for you. For a studio apartment, one is looking at spending roughly $483 per month, while a one bedroom apartment is $614 per month. Two bedroom rentals chime in at $800 a month, with three bedroom rentals come in at $1,066 per month. Last but not least, four bedroom rentals are typically around $1,164. These averages come in at an average of $200 lower than the national average.
These values seem too good to be true to most and they may wonder what the catch it. The crime rate is pretty average, compared to the national average, and doesn’t feature anything serious that negates the price of homes and rentals. The property crime score is at a B average with an overall score of C+. There are very low risks for robberies, vehicle theft and burglary according to national averages.
Homes for sale Elba are perfect for those wanting a decent place to dip their toes and plant their roots. The area is much more affordable to live in than other comparable cities in the nation where the crime rate is low to average and it’s a rather quiet town. While it’s better to purchase a home, as you won’t be throwing away any money, no one is going to force and there are equally great rentals in the area.