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Affordable
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These days, finding an affordable place to live in the Elgin area can be challenging. Home prices in Elgin are now at a median cost of $400,311, lower than the Arizona average of $421,436.
The average cost of rent is $981/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 22.14% of households rent, and 44.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $7,253 per month. Households that rent pay about 13.53% of their income on rent here. Elgin’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sonoita, AZ: equally priced homes
- Fort Huachuca, AZ: less expensive homes
- Whetstone, AZ: less expensive homes
- Huachuca City, AZ: less expensive homes
- Patagonia, AZ: equally priced homes
- Sierra Vista, AZ: less expensive homes
- Village Meadows, AZ: less expensive homes
- Carmen, AZ: less expensive homes
- Tombstone, AZ: less expensive homes
- Tumacacori, AZ: less expensive homes
Cities with Similar Populations
- Pumpkin Center, IN: less expensive homes
- Newcomb, NM: less expensive homes
- Newton, WI: less expensive homes
- Nickelsville, GA: less expensive homes
- North Shores, DE: higher priced homes
- Norwood, IL: less expensive homes
- Oakhurst, OK: less expensive homes
- Ohio, IL: less expensive homes
- Oneida, IL: less expensive homes
- Ore Spring, TN: less expensive homes
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