Affordable
Expensive
Expensive
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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 $246,815, lower than the Oregon average of $502,078.
The average cost of rent is $996/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 26.50% of households rent, and 43.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $4,929 per month. Households that rent pay about 20.22% of their income on rent here. Elgin’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Imbler, OR: higher priced homes
- Summerville, OR: higher priced homes
- Looking Glass, OR: higher priced homes
- Island City, OR: higher priced homes
- Cove, OR: higher priced homes
- Perry, OR: higher priced homes
- Wallowa, OR: higher priced homes
- La Grande, OR: higher priced homes
- Bingham Springs, OR: higher priced homes
- Gibbon, OR: higher priced homes
Cities with Similar Populations
- Bernardston, MA: higher priced homes
- Big Clifty, KY: less expensive homes
- Calais, ME: less expensive homes
- New Berlin, NY: less expensive homes
- Plandome Manor, NY: higher priced homes
- Pine Level, NC: less expensive homes
- Phillipsburg, MO: less expensive homes
- Peshastin, WA: higher priced homes
- Pandora, OH: less expensive homes
- Padgett, NC: equally priced homes
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