
Affordable
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These days, finding an affordable place to live in the Ela area can be challenging. Home prices in Ela are now at a median cost of $230,541, lower than the North Carolina average of $323,314.
The average cost of rent is $795/mo in Ela, primarily driven by the current value of real estate in the Ela area. In Ela, 15.75% of households rent, and 56.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ela is $3,523 per month. Households that rent pay about 22.55% of their income on rent here. Ela’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whittier, NC: higher priced homes
- Bryson City, NC: equally priced homes
- Cherokee, NC: equally priced homes
- Barkers Creek, NC: equally priced homes
- Airport, NC: equally priced homes
- Leatherman, NC: less expensive homes
- Dillsboro, NC: equally priced homes
- Gay, NC: less expensive homes
- Needmore, NC: equally priced homes
- Sylva, NC: higher priced homes
Cities with Similar Populations
- Goffs, WV: less expensive homes
- Unity, SC: higher priced homes
- Guthrie, ND: less expensive homes
- Upper Dilia, NM: less expensive homes
- Urbana, ND: equally priced homes
- Utting, AZ: less expensive homes
- Greenwich, UT: higher priced homes
- Greens Corner, ME: less expensive homes
- Grassy Creek, KY: less expensive homes
- Vermilionville, IL: less expensive homes
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