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Affordable
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These days, finding an affordable place to live in the Elk Garden area can be challenging. Home prices in Elk Garden are now at a median cost of $162,495, lower than the Virginia average of $443,089.
The average cost of rent is $714/mo in Elk Garden, primarily driven by the current value of real estate in the Elk Garden area. In Elk Garden, 32.82% of households rent, and 55.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Garden is $5,372 per month. Households that rent pay about 13.28% of their income on rent here. Elk Garden’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Duncanville, VA: higher priced homes
- Lebanon, VA: equally priced homes
- Rosedale, VA: higher priced homes
- Lindell, VA: higher priced homes
- Cleveland, VA: less expensive homes
- Hubbard Junction, VA: less expensive homes
- Hansonville, VA: equally priced homes
- Coulwood, VA: less expensive homes
- Carbo, VA: less expensive homes
- Henrytown, VA: higher priced homes
Cities with Similar Populations
- Abram, TX: less expensive homes
- Carson, NM: higher priced homes
- Stanley, IA: less expensive homes
- Stephens, GA: higher priced homes
- Still River, MA: higher priced homes
- Stilson, GA: less expensive homes
- Tazewell, GA: equally priced homes
- Tanner, KY: higher priced homes
- Bayside, TX: higher priced homes
- Batavia, WI: higher priced homes
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