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 $190,624, higher than the Oklahoma average of $161,319.
The average cost of rent is $1,156/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. While nearly 38.33% of residents own their homes outright in Elgin, 25.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $5,913 per month. Households that rent pay about 19.54% 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.
Nearby Cities
- Fletcher, OK: less expensive homes
- Lakeside Village, OK: higher priced homes
- Edgewater Park, OK: higher priced homes
- Porter Hill, OK: higher priced homes
- Sterling, OK: less expensive homes
- Apache, OK: less expensive homes
- Cyril, OK: less expensive homes
- Fort Sill, OK: less expensive homes
- Medicine Park, OK: higher priced homes
- Boone, OK: less expensive homes
Cities with Similar Populations
- Bean Station, TN: less expensive homes
- St. Helena, CA: higher priced homes
- Alburtis, PA: higher priced homes
- Mira Monte, CA: higher priced homes
- Morganfield, KY: less expensive homes
- Moosup, CT: higher priced homes
- Moosic, PA: higher priced homes
- Moose Lake, MN: less expensive homes
- Moore Haven, FL: less expensive homes
- Montebello, NY: higher priced homes
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