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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 $133,402, lower than the Illinois average of $300,242.
The average cost of rent is $831/mo in Elba, primarily driven by the current value of real estate in the Elba area. In Elba, 13.14% of households rent, and 59.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $8,915 per month. Households that rent pay about 9.32% of their income on rent here. Elba’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Omaha, IL: less expensive homes
- Norris City, IL: equally priced homes
- Texas City, IL: equally priced homes
- Ridgway, IL: less expensive homes
- New Haven, IL: less expensive homes
- Emma, IL: higher priced homes
- Broughton, IL: higher priced homes
- Eldorado, IL: equally priced homes
- Mayberry, IL: higher priced homes
- Equality, IL: less expensive homes
Cities with Similar Populations
- Glasgow, PA: higher priced homes
- Halfway, WY: higher priced homes
- Hagood, SC: equally priced homes
- Hagaman, IL: higher priced homes
- Union, ND: less expensive homes
- Greenport West, NY: higher priced homes
- Valhalla, NC: less expensive homes
- Grafton, KS: less expensive homes
- Gouldbusk, TX: less expensive homes
- Gordontown, NC: higher priced homes
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