Expensive
Affordable
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 $128,259, lower than the Tennessee average of $315,131.
The average cost of rent is $834/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. In Elgin, 15.32% of households rent, and 45.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $4,242 per month. Households that rent pay about 19.65% of their income on rent here. Elgin’s most expensive areas are in the northern 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
- West Robbin, TN: equally priced homes
- Brewstertown, TN: equally priced homes
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- Huffman, TN: equally priced homes
- Mill Creek, TN: equally priced homes
- Rugby, TN: equally priced homes
- Sunbright, TN: equally priced homes
- Winona, TN: higher priced homes
- Helenwood, TN: higher priced homes
- Huntsville, TN: higher priced homes
Cities with Similar Populations
- Tinmouth, VT: higher priced homes
- Corbet, TX: higher priced homes
- Crescent, LA: higher priced homes
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- Eden, IL: higher priced homes
- Stormville, PA: higher priced homes
- Talmage, KS: higher priced homes
- Taylor, NY: equally priced homes
- Tecolote, NM: higher priced homes
- Tetersburg, IN: higher priced homes
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