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 $235,022, lower than the Texas average of $235,268.
The average cost of rent is $1,113/mo in Elgin, primarily driven by the current value of real estate in the Elgin area. While nearly 38.32% of residents own their homes outright in Elgin, 16.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elgin is $7,378 per month. Households that rent pay about 15.09% of their income on rent here. Elgin's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lund, TX: less expensive homes
- Butler, TX: equally priced homes
- Manda, TX: less expensive homes
- Webberville, TX: equally priced homes
- Coupland, TX: equally priced homes
- Manor, TX: equally priced homes
- Mc Dade, TX: less expensive homes
- New Sweden, TX: higher priced homes
- Hornsby Bend, TX: less expensive homes
- Pflugerville, TX: higher priced homes
Cities with Similar Populations
- Bardstown, KY: less expensive homes
- Vidor, TX: less expensive homes
- Vincennes, IN: less expensive homes
- Washington, MI: higher priced homes
- Washington, NC: less expensive homes
- Washougal, WA: higher priced homes
- Westford, MA: higher priced homes
- Avon Park, FL: less expensive homes
- Augusta, ME: less expensive homes
- Athens, TN: less expensive homes
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