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Affordable
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These days, finding an affordable place to live in the Elizabeth area can be challenging. Home prices in Elizabeth are now at a median cost of $325,740, lower than the Minnesota average of $345,793.
The average cost of rent is $1,061/mo in Elizabeth, primarily driven by the current value of real estate in the Elizabeth area. In Elizabeth, 9.90% of households rent, and 45.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elizabeth is $8,975 per month. Households that rent pay about 11.82% of their income on rent here. Elizabeth’s most expensive areas are in the eastern 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
- Fergus Falls, MN: less expensive homes
- Erhard, MN: less expensive homes
- Phelps, MN: equally priced homes
- Underwood, MN: equally priced homes
- Foxhome, MN: less expensive homes
- Rothsay, MN: less expensive homes
- Pelican Rapids, MN: equally priced homes
- Dalton, MN: equally priced homes
- Everdell, MN: less expensive homes
- Richville, MN: equally priced homes
Cities with Similar Populations
- Ryanville, WV: less expensive homes
- Logan, NM: less expensive homes
- Madray Springs, GA: less expensive homes
- Mainesburg, PA: less expensive homes
- Malesus, TN: less expensive homes
- Richford, NY: less expensive homes
- Rockford, AL: less expensive homes
- Roff, OK: less expensive homes
- Rose Valley, PA: higher priced homes
- Round Lake, NY: equally priced homes
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