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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 $302,986, higher than the Michigan average of $250,415.
The average cost of rent is $1,081/mo in Elberta, primarily driven by the current value of real estate in the Elberta area. In Elberta, 3.43% of households rent, and 44.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elberta is $5,544 per month. Households that rent pay about 19.50% of their income on rent here. Elberta’s most expensive areas are in the northeastern 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
- Frankfort, MI: higher priced homes
- Watervale, MI: equally priced homes
- Benzonia, MI: less expensive homes
- Arcadia, MI: less expensive homes
- Beulah, MI: equally priced homes
- Honor, MI: higher priced homes
- Pierport, MI: less expensive homes
- Bear Lake, MI: less expensive homes
- Thompsonville, MI: less expensive homes
- Wallin, MI: less expensive homes
Cities with Similar Populations
- Bud, WV: less expensive homes
- Rockbridge, IL: less expensive homes
- Carthage, KY: equally priced homes
- Rockhill, PA: less expensive homes
- Caret, VA: less expensive homes
- Sawyer, MN: less expensive homes
- Sauney Stand, TX: higher priced homes
- Canyon Creek, MT: higher priced homes
- Rolling Hills, IN: less expensive homes
- Caliente, CA: equally priced homes
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