Expensive
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 $294,802, higher than the Kentucky average of $219,615.
The average cost of rent is $799/mo in Elba, primarily driven by the current value of real estate in the Elba area. In Elba, 12.59% of households rent, and 49.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $7,533 per month. Households that rent pay about 10.61% of their income on rent here. Elba’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
- Maple Mount, KY: equally priced homes
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Cities with Similar Populations
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- Indian Beach, NC: higher priced homes
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