Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elba area can be challenging. Home prices in Elba are now at a median cost of $97,818, lower than the Alabama average of $185,232.
The average cost of rent is $687/mo in Elba, primarily driven by the current value of real estate in the Elba area. While nearly 54.96% of residents own their homes outright in Elba, 25.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $3,797 per month. Households that rent pay about 18.08% of their income on rent here. Elba's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Curtis, AL: less expensive homes
- Zoar, AL: equally priced homes
- Turner Crossroads, AL: higher priced homes
- Friendship, AL: less expensive homes
- Lowry Mill, AL: equally priced homes
- New Brockton, AL: higher priced homes
- Bullock, AL: less expensive homes
- Weed Crossroad, AL: less expensive homes
- Victoria, AL: higher priced homes
- Tabernacle, AL: higher priced homes
Cities with Similar Populations
- Topeka, IN: higher priced homes
- Calhoun, LA: higher priced homes
- Calipatria, CA: higher priced homes
- Calumet Park, IL: higher priced homes
- Calverton, NY: higher priced homes
- Cannon Falls, MN: higher priced homes
- Carlinville, IL: higher priced homes
- Vandenberg Village, CA: higher priced homes
- Chapel Hill, TN: higher priced homes
- Charleroi, PA: equally priced homes
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