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Affordable
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These days, finding an affordable place to live in the Elk Horn area can be challenging. Home prices in Elk Horn are now at a median cost of $152,270, lower than the Iowa average of $226,062.
The average cost of rent is $706/mo in Elk Horn, primarily driven by the current value of real estate in the Elk Horn area. In Elk Horn, 23.15% of households rent, and 35.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Horn is $5,503 per month. Households that rent pay about 12.83% of their income on rent here. Elk Horn’s most expensive areas are in the western 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
- Kimballton, IA: equally priced homes
- Jacksonville, IA: higher priced homes
- Sharon, IA: equally priced homes
- Brayton, IA: equally priced homes
- Red Line, IA: higher priced homes
- Lorah, IA: higher priced homes
- Marne, IA: equally priced homes
- Walnut, IA: equally priced homes
- Exira, IA: less expensive homes
- Hamlin, IA: equally priced homes
Cities with Similar Populations
- Powell, MO: equally priced homes
- Mehoopany, PA: higher priced homes
- Meldrum, TX: less expensive homes
- Mellen, WI: equally priced homes
- Melmore, OH: higher priced homes
- Metcalfe, MS: less expensive homes
- Midway, MN: higher priced homes
- Milo, MO: higher priced homes
- Mirror Lake, NH: higher priced homes
- Mitchell, GA: less expensive homes
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