The Most Affordable Neighborhoods in Elba Center, IL by Home Value

 

Elba Center, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elba Center area can be challenging. Home prices in Elba Center are now at a median cost of $151,847, lower than the Illinois average of $300,242.

The average cost of rent is $1,457/mo in Elba Center, primarily driven by the current value of real estate in the Elba Center area. In Elba Center, 20.21% of households rent, and 55.15% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Elba Center is $7,281 per month. Households that rent pay about 20.01% of their income on rent here. Elba Center’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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