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 $95,969, lower than the Tennessee average of $218,916.
The average cost of rent is $611/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. While nearly 52.59% of residents own their homes outright in Elgin, 21.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $3,891 per month. Households that rent pay about 15.71% of their income on rent here. Elgin's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- West Robbin, TN: less expensive homes
- Brewstertown, TN: higher priced homes
- Robbins, TN: equally priced homes
- Huffman, TN: equally priced homes
- Mill Creek, TN: higher priced homes
- Rugby, TN: equally priced homes
- Sunbright, TN: equally priced homes
- Winona, TN: higher priced homes
- Helenwood, TN: equally priced homes
- Huntsville, TN: equally priced homes
Cities with Similar Populations
- Tinmouth, VT: higher priced homes
- Corbet, TX: higher priced homes
- Crescent, LA: higher priced homes
- Dancyville, TN: higher priced homes
- Eden, IL: higher priced homes
- Stormville, PA: higher priced homes
- Talmage, KS: higher priced homes
- Taylor, NY: higher priced homes
- Tecolote, NM: higher priced homes
- Tetersburg, IN: higher priced homes
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