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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 $280,163, lower than the South Carolina average of $296,593.
The average cost of rent is $1,370/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 15.25% of households rent, and 26.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $7,772 per month. Households that rent pay about 17.63% of their income on rent here. Elgin’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pontiac, SC: higher priced homes
- Lugoff, SC: less expensive homes
- Killian, SC: equally priced homes
- Blythewood, SC: higher priced homes
- Smallwood, SC: less expensive homes
- Dentsville, SC: less expensive homes
- Woodfield, SC: less expensive homes
- Arcadia Lakes, SC: equally priced homes
- Hollywood Hills, SC: less expensive homes
- Columbia, SC: less expensive homes
Cities with Similar Populations
- Grandville, MI: higher priced homes
- Livingston, NJ: higher priced homes
- Lewis Center, OH: higher priced homes
- Aberdeen, SD: less expensive homes
- Jasper, AL: less expensive homes
- Jacksonville Beach, FL: higher priced homes
- Immokalee, FL: higher priced homes
- Hobart, IN: less expensive homes
- Hiram, GA: equally priced homes
- Henderson, NC: less expensive homes
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