Home Price Key
Affordable
Average
Expensive
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 $97,077, lower than the Iowa average of $182,666.
The average cost of rent is $574/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. While nearly 54.30% of residents own their homes outright in Elgin, 17.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $4,998 per month. Households that rent pay about 11.49% of their income on rent here. Elgin's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Clermont, IA: higher priced homes
- Lima, IA: equally priced homes
- Gunder, IA: higher priced homes
- Wadena, IA: equally priced homes
- West Union, IA: higher priced homes
- Volga, IA: higher priced homes
- Fayette, IA: equally priced homes
- Luana, IA: higher priced homes
- Castalia, IA: equally priced homes
- Postville, IA: higher priced homes
Cities with Similar Populations
- Rothsay, MN: higher priced homes
- Ogeechee, GA: higher priced homes
- Oldtown, MD: higher priced homes
- Oshkosh, NE: less expensive homes
- Paradise Hill, OH: higher priced homes
- Preachersville, KY: higher priced homes
- Rauville, SD: higher priced homes
- Rice, WA: higher priced homes
- Richfield, ID: higher priced homes
- Rocksprings, TX: less expensive homes
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