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These days, finding an affordable place to live in the Elk City area can be challenging. Home prices in Elk City are now at a median cost of $161,299, lower than the Oklahoma average of $210,566.
The average cost of rent is $914/mo in Elk City, primarily driven by the current value of real estate in the Elk City area. In Elk City, 32.82% of households rent, and 56.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk City is $4,872 per month. Households that rent pay about 18.75% of their income on rent here. Elk City’s most expensive areas are in the southeastern 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
- Canute, OK: higher priced homes
- Sayre, OK: less expensive homes
- Foss, OK: equally priced homes
- Burns Flat, OK: less expensive homes
- New Liberty, OK: less expensive homes
- Stafford, OK: higher priced homes
- Grimes, OK: equally priced homes
- Dempsey, OK: equally priced homes
- Bessie, OK: equally priced homes
- Clinton, OK: less expensive homes
Cities with Similar Populations
- Sparta, MI: higher priced homes
- Dunmore, PA: higher priced homes
- Durham, NH: higher priced homes
- East Bridgewater, MA: higher priced homes
- East Milton, FL: higher priced homes
- Eaton, OH: equally priced homes
- Edgewood, WA: higher priced homes
- Eight Mile, AL: equally priced homes
- Englewood, OH: higher priced homes
- Foristell, MO: higher priced homes
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