Home Price Key
Affordable
Average
Expensive
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 $258,241, lower than the Minnesota average of $269,934.
The average cost of rent is $740/mo in Elba, primarily driven by the current value of real estate in the Elba area. While nearly 43.36% of residents own their homes outright in Elba, 11.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elba is $6,737 per month. Households that rent pay about 10.98% of their income on rent here. Elba's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Altura, MN: equally priced homes
- Beaver, MN: equally priced homes
- St. Charles, MN: less expensive homes
- Oakridge, MN: less expensive homes
- Bethany, MN: less expensive homes
- Dover, MN: equally priced homes
- Plainview, MN: less expensive homes
- Utica, MN: less expensive homes
- Lewiston, MN: less expensive homes
- Rollingstone, MN: less expensive homes
Cities with Similar Populations
- Madisonville, NJ: higher priced homes
- Menno, PA: less expensive homes
- Meadowlands, PA: higher priced homes
- McKittrick, MO: less expensive homes
- McHue, AR: less expensive homes
- McClelland, IA: less expensive homes
- Maxville, AR: less expensive homes
- Marshall, CA: higher priced homes
- Marlboro, NC: less expensive homes
- Marblemount, WA: equally priced homes
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