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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 $176,674, lower than the Ohio average of $236,816.
The average cost of rent is $895/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 6.72% of households rent, and 55.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $6,563 per month. Households that rent pay about 13.63% of their income on rent here. Elgin’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Venedocia, OH: equally priced homes
- Monticello, OH: higher priced homes
- Mendon, OH: less expensive homes
- Landeck, OH: equally priced homes
- Mercer, OH: equally priced homes
- Spencerville, OH: equally priced homes
- Ohio City, OH: less expensive homes
- Dull, OH: less expensive homes
- Neptune, OH: higher priced homes
- Needmore, OH: higher priced homes
Cities with Similar Populations
- Danbury, NE: higher priced homes
- Dog Island Corner, ME: higher priced homes
- Disston, OR: higher priced homes
- Direct, TX: equally priced homes
- Dineharts, NY: less expensive homes
- West Springfield, NH: higher priced homes
- West Swanton, VT: higher priced homes
- West Vindex, MD: less expensive homes
- Dawes, WV: less expensive homes
- Double Bayou, TX: equally priced homes
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