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Elk Grove Homes For Sale - Finding Elk Grove Homes for Sale

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Elk Grove is a mid-sized city in California with a population of 136,318. It is the next-largest city in Sacramento County, after Sacramento, the county seat and state capital, which is located just to the north. Elk Grove was first founded as a stop on the Monterey Trail for stage coaches in 1850. Because of its proximity to Sutter’s Fort, the area quickly grew in both businesses and residents. Historically, Elk Grove was a headquarters for private gold miners and an agricultural center. Although it remains primarily agricultural and rurally-influenced, it is thought of now more as a suburb of Sacramento. The city was not officially incorporated until 2000. Residents of Elk Grove are known for being close-knit, and the community is highly thought of by homeowners.

There are currently 18,526 households in the city occupying a total of 18,894 housing units. The market carries from 500 to 600 Elk Grove homes for sale at any given time. There is also some new home growth, but far and away, the largest share of homes on the market is foreclosures. Since the housing crisis, 2,000 to 2,500 foreclosures stay up for sale. The median price of Elk Grove homes for sale by the owner is about $250,000, while new homes go for an average of $335,000. Foreclosures are not much behind the standard homes for sale, with a median selling price of $235,000. Including all homes for sale in Elk Grove, the average price per square foot is $120. It is a buyer’s market currently in Elk Grove, although it stays very tight. Final selling price stays at 95% to 100% of asking.

The median household income of Elk Grove is $79,622. Agriculture remains important to the economy, but government jobs and government contracting is common as the city becomes more strongly dependent on Sacramento. The top categories of agricultural production are grapes, milk, pears, and chickens. Most new homes for sale in Elk Grove are located on the west end of the city between State Road 99 and I-5. Some of the most popular neighborhoods include Laguna Stonelake, Laguna Creek South, Laguna West, and Laguna Lake. For the 2004 year, Elk Grove was listed as the fastest growing city in the U.S., though growth has slowed somewhat in recent years.

Many people buying homes for sale in Elk Grove cite the public school system as a major reason for their purchase. The Elk Grove Unified School District is one of the fastest growing districts in the country, and it is the fifth-largest in the state of California. The 2010 student enrollment is estimated at 73,000, up from 52,500 in 2002. The district consists of 8 high schools, 4 alternative high schools, 8 middle schools, and 38 elementary schools. In addition, several private schools are also available. For higher education, the city is home to Cosumnes River College, a community college providing vocational training and 2-year degrees. Several colleges and universities are also nearby in Sacramento, including the University of California and California State University, Sacramento.

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