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These days, finding an affordable place to live in the Elberta area can be challenging. Home prices in Elberta are now at a median cost of $253,018, higher than the Alabama average of $228,911.
The average cost of rent is $1,165/mo in Elberta, primarily driven by the current value of real estate in the Elberta area. In Elberta, 19.50% of households rent, and 46.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elberta is $5,901 per month. Households that rent pay about 19.74% of their income on rent here. Elberta’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
- Miflin, AL: higher priced homes
- Josephine, AL: higher priced homes
- Perdido Beach, AL: higher priced homes
- Foley, AL: higher priced homes
- Lillian, AL: less expensive homes
- Bon Secour, AL: higher priced homes
- Seminole, AL: equally priced homes
- Summerdale, AL: equally priced homes
- Magnolia Springs, AL: higher priced homes
- Perdido Key, FL: higher priced homes
Cities with Similar Populations
- Shelbyville, IL: less expensive homes
- Bladenboro, NC: less expensive homes
- Blairstown, NJ: higher priced homes
- Blakely, GA: less expensive homes
- Bolivar, TN: less expensive homes
- Boyne City, MI: higher priced homes
- Duncannon, PA: less expensive homes
- Bridge City, LA: less expensive homes
- Brooklyn, CT: higher priced homes
- Browning, MT: less expensive homes
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