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These days, finding an affordable place to live in the Elk Grove area can be challenging. Home prices in Elk Grove are now at a median cost of $634,252, lower than the California average of $812,006.
The average cost of rent is $2,217/mo in Elk Grove, primarily driven by the current value of real estate in the Elk Grove area. In Elk Grove, 27.46% of households rent, and 25.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Grove is $10,734 per month. Households that rent pay about 20.65% of their income on rent here. Elk Grove’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Franklin, CA: higher priced homes
- Florin, CA: less expensive homes
- Vineyard, CA: equally priced homes
- Parkway, CA: less expensive homes
- Hood, CA: higher priced homes
- Lemon Hill, CA: less expensive homes
- Clarksburg, CA: higher priced homes
- Rosemont, CA: less expensive homes
- Wilton, CA: higher priced homes
- Twin Cities, CA: higher priced homes
Cities with Similar Populations
- Harlingen, TX: less expensive homes
- Hawthorne, CA: higher priced homes
- Hillsboro, OR: less expensive homes
- Hartford, CT: less expensive homes
- Hampton, VA: less expensive homes
- Hattiesburg, MS: less expensive homes
- Hamilton, OH: less expensive homes
- Glen Burnie, MD: less expensive homes
- Greer, SC: less expensive homes
- Garden Grove, CA: higher priced homes
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