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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 $111,516, lower than the Texas average of $322,096.
The average cost of rent is $821/mo in Elbert, primarily driven by the current value of real estate in the Elbert area. In Elbert, 24.87% of households rent, and 78.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elbert is $6,107 per month. Households that rent pay about 13.45% of their income on rent here. Elbert’s most expensive areas are in the southeastern 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
- Padgett, TX: higher priced homes
- Proffit, TX: equally priced homes
- Throckmorton, TX: less expensive homes
- Olney, TX: higher priced homes
- Newcastle, TX: higher priced homes
- Loving, TX: higher priced homes
- Markley, TX: higher priced homes
- Bryson, TX: higher priced homes
- Jermyn, TX: higher priced homes
- Weinert, TX: less expensive homes
Cities with Similar Populations
- Ella, WI: higher priced homes
- Etna, GA: equally priced homes
- Ether, NC: higher priced homes
- Estella, PA: higher priced homes
- Escudilla Bonita, NM: higher priced homes
- Erbie, AR: higher priced homes
- Epworth, IL: equally priced homes
- West Franklin, IN: higher priced homes
- West Gilgo Beach, NY: higher priced homes
- West Laurens, NY: higher priced homes
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