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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 $60,800, lower than the Kansas average of $243,949.
The average cost of rent is $571/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 20.93% of households rent, and 74.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $4,573 per month. Households that rent pay about 12.49% of their income on rent here. Elgin’s most expensive areas are in the central 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
- Chautauqua, KS: higher priced homes
- Hewins, KS: equally priced homes
- Sedan, KS: less expensive homes
- Peru, KS: higher priced homes
- Monett, KS: higher priced homes
- Cedar Vale, KS: equally priced homes
- Wauneta, KS: higher priced homes
- Niotaze, KS: higher priced homes
- Caney, KS: higher priced homes
- Havana, KS: higher priced homes
Cities with Similar Populations
- Hickoria, AR: higher priced homes
- Stroudsville, TN: higher priced homes
- Hermosa, CO: higher priced homes
- Herndon Heights, WV: less expensive homes
- Herpel, AR: higher priced homes
- Hess, OK: higher priced homes
- Hessdale, KS: higher priced homes
- Hiawassee, TN: higher priced homes
- Hibernia, NJ: higher priced homes
- Heil, ND: higher priced homes
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