Established in 1850 as a hotel and stage stop, this historic town is located about 15 miles south of historic Sutter's Fort in Sacramento County. Approximately 17 miles from the state capital, Elk Grove is one of the fastest growing areas in the county, doubling in size from 1990 to 2000. Despite that growth, which has swelled the newly incorporated town?s population of over 133,000, the community has managed to retain its special small-town charm. City fathers have taken steps to ensure that business and residential developments don't displace the natural beauty of the region by preserving open spaces such as the Cosumnes River Preserve and the Stone Lakes Wildlife Refuge.
Employment opportunities can be found in the industries of educational, health and social services, public administration and retail trade. Students in grades K-12 attend schools in the diverse and reputable Elk Grove Unified School District. For those pursuing a degree in higher education, there are several nearby colleges and universities as well. Recreational opportunities can be found through hosts of city parks and programs. Spirited celebrations such as the Western and Harvest festivals and the Red, White and Blue celebration reflect a strong sense of community pride and sharing. The Elk Grove community shows a dedication to quality of life for all age groups and cultures and a marvelous synthesis of history and natural preservation with booming growth and new age expansion. Interested buyers looking to purchase a home will be pleased to find that the selection of single-family homes, condos and townhouses are affordable and diverse.
Price Range of Elk Grove Real Estate and Houses for Sale
The real estate market in Elk Grove, CA includes a lovely selection of single-family homes in price points that start from the low $105,000s to $5 million. This varied pricing spectrum reflects the area?s eclectic selection of property types, established properties, new construction and developments, and custom built real estate in Elk Grove?s exclusive neighborhood enclaves. Some properties are even situated on lots of considerable acreage. For those who are looking to invest in a smaller property that requires less maintenance, townhouses and condos are a viable option. Prices range for real estate from are just under $110,000 to $200,000.
Elk Grove Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $473,869 compared to $473,869 the previous week, to remain steady with no change in listing price. For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.