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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 $93,278, lower than the North Dakota average of $273,535.
The average cost of rent is $693/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 18.61% of households rent, and 65.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $4,124 per month. Households that rent pay about 16.80% of their income on rent here. Elgin’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Heil, ND: equally priced homes
- New Leipzig, ND: equally priced homes
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- Carson, ND: equally priced homes
- Lark, ND: higher priced homes
- Raleigh, ND: equally priced homes
- Mott, ND: equally priced homes
- Almont, ND: higher priced homes
- Morristown, ND: equally priced homes
Cities with Similar Populations
- Andersonville, VA: higher priced homes
- Pinson, GA: higher priced homes
- Princeton Station, MA: higher priced homes
- Primm Springs, TN: higher priced homes
- Prairie Ronde, LA: higher priced homes
- Poyen, AR: higher priced homes
- Port Hope, MI: higher priced homes
- Pleasant Valley, MD: higher priced homes
- Pleasant Hill, NC: higher priced homes
- Plattekill, NY: higher priced homes
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