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Affordable
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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 $301,968, lower than the Idaho average of $450,170.
The average cost of rent is $2,211/mo in Elba, primarily driven by the current value of real estate in the Elba area. In Elba, 21.34% of households rent, and 49.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $7,306 per month. Households that rent pay about 30.27% of their income on rent here. Elba’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Almo, ID: less expensive homes
- Connor, ID: equally priced homes
- Malta, ID: less expensive homes
- Oakley, ID: less expensive homes
- Albion, ID: equally priced homes
- Marion, ID: less expensive homes
- Yost, UT: equally priced homes
- View, ID: higher priced homes
- Idahome, ID: higher priced homes
- Declo, ID: higher priced homes
Cities with Similar Populations
- Hallock, IL: less expensive homes
- South Valley, NY: less expensive homes
- Sonora, NY: less expensive homes
- Silver, TX: less expensive homes
- Sherman, KS: less expensive homes
- Shelfar, VA: equally priced homes
- Shady Grove, NC: less expensive homes
- Jewell, OR: higher priced homes
- Hooker, AR: less expensive homes
- Honomakau, HI: higher priced homes
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