City:
Elm Mott is a city in the state of texas with a population of roughly 3,567. It is in McLennan County, Texas the Waco, TX core-based statistical areas (CBSA), Its Zip codes include 76640 .
Elm Mott is a small town located in the Dallas- Fort Worth metroplex. The population of Elm Mott was just over 2,000 as of the 2010 census. The town is located in Collin County and has a small downtown area with several businesses and restaurants. There are also a few churches and a few residential areas scattered throughout the town.
The real estate market in Elm Mott is very competitive. There are only a handful of homes available for sale, and most of them have been sold within the past year. Prices for homes in Elm Mott range from around $130,000 to $400,000. The average home price in Elm Mott is around $225,000.
The main reason why there are so few homes available for sale in Elm Mott is because there is not much growth potential in the town. The population of Elm Mott has remained relatively static over the past decade, and there isn't any significant new development planned for the area anytime soon. This means that there isn't enough demand for homes in Elm Mott, which makes it difficult for buyers to find an affordable property that meets their needs.
One upside to this situation is that prices for homes in Elm Mott are very reasonable compared to other parts of Dallas- Fort Worth metroplex. In fact, prices are about half what they are on average across all of Dallas- Fort Worth metroplex. This makes it possible for people who don't have a lot of money to purchase a home in Elm Mott without having to sacrifice too much on quality or features.
Price Index: Waco, TX