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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 $141,700, lower than the Louisiana average of $235,139.
The average cost of rent is $748/mo in Elba, primarily driven by the current value of real estate in the Elba area. In Elba, 18.48% of households rent, and 71.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $3,529 per month. Households that rent pay about 21.20% 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
- Melville, LA: less expensive homes
- Coon, LA: less expensive homes
- Woodside, LA: equally priced homes
- Palmetto, LA: less expensive homes
- Batchelor, LA: less expensive homes
- McCrea, LA: less expensive homes
- Rosa, LA: less expensive homes
- Innis, LA: less expensive homes
- Lacour, LA: less expensive homes
- Lebeau, LA: equally priced homes
Cities with Similar Populations
- Grooville, NY: higher priced homes
- St. Stephens, NE: higher priced homes
- St. Paul, ND: equally priced homes
- St. Mary, IL: higher priced homes
- St. James, MI: higher priced homes
- St. Benedict, IA: less expensive homes
- Spurgeons Corner, IN: higher priced homes
- Hill, OK: higher priced homes
- High View, NY: higher priced homes
- Harding, PA: higher priced homes
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