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 $85,688, lower than the Nebraska average of $188,542.
The average cost of rent is $636/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. While nearly 74.91% of residents own their homes outright in Elgin, 22.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $5,232 per month. Households that rent pay about 12.16% 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
- Raeville, NE: higher priced homes
- Oakdale, NE: equally priced homes
- Petersburg, NE: higher priced homes
- Neligh, NE: higher priced homes
- Knievels Corner, NE: equally priced homes
- Clearwater, NE: higher priced homes
- Tilden, NE: higher priced homes
- Loretto, NE: higher priced homes
- Meadow Grove, NE: higher priced homes
- Albion, NE: higher priced homes
Cities with Similar Populations
- Rocky Hill, KY: higher priced homes
- Noxon, MT: higher priced homes
- Oaklawn, LA: higher priced homes
- Odom, TX: higher priced homes
- Our Town, AL: higher priced homes
- Pall Mall, TN: higher priced homes
- Pioneer, LA: equally priced homes
- Prairie, WA: higher priced homes
- Provencal, LA: higher priced homes
- Richville, MN: higher priced homes
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