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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 $128,574, lower than the Pennsylvania average of $288,156.
The average cost of rent is $928/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 15.85% of households rent, and 62.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $5,663 per month. Households that rent pay about 16.39% of their income on rent here. Elgin’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Le Boeuf Gardens, PA: higher priced homes
- Waterford, PA: higher priced homes
- New Ireland, PA: higher priced homes
- Union City, PA: equally priced homes
- Mill Village, PA: higher priced homes
- Phillipsville, PA: higher priced homes
- Canadohta Lake, PA: equally priced homes
- McLane, PA: higher priced homes
- Wattsburg, PA: higher priced homes
- Hammett, PA: higher priced homes
Cities with Similar Populations
- Wetona, PA: higher priced homes
- Canadohta Lake, PA: equally priced homes
- Williamsburg, WV: equally priced homes
- Canyon, MN: higher priced homes
- Caprivi, PA: higher priced homes
- Carbondale, OH: higher priced homes
- Williams Junction, AR: higher priced homes
- Whitten, IA: equally priced homes
- Whitson, TX: higher priced homes
- Campton Lower Village, NH: higher priced homes
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