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Affordable
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These days, finding an affordable place to live in the Elbert area can be challenging. Home prices in Elbert are now at a median cost of $704,244, higher than the Colorado average of $579,698.
The average cost of rent is $2,148/mo in Elbert, primarily driven by the current value of real estate in the Elbert area. In Elbert, 4.37% of households rent, and 21.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elbert is $12,257 per month. Households that rent pay about 17.52% of their income on rent here. Elbert’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Black Forest, CO: higher priced homes
- Peyton, CO: less expensive homes
- Fondis, CO: equally priced homes
- Gleneagle, CO: less expensive homes
- Monument, CO: equally priced homes
- Woodmoor, CO: equally priced homes
- Cimarron Hills, CO: less expensive homes
- Calhan, CO: less expensive homes
- Colorado Springs, CO: less expensive homes
- Air Force Academy, CO: less expensive homes
Cities with Similar Populations
- Dos Palos, CA: less expensive homes
- Elma, NY: less expensive homes
- East Taunton, MA: less expensive homes
- East Rochester, NY: less expensive homes
- East Lyme, CT: less expensive homes
- East Alton, IL: less expensive homes
- Eagle, CO: higher priced homes
- Duncansville, PA: less expensive homes
- Dunbar, WV: less expensive homes
- Dumfries, VA: less expensive homes
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