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These days, finding an affordable place to live in the Elk Lake area can be challenging. Home prices in Elk Lake are now at a median cost of $686,690, higher than the Oregon average of $502,078.
The average cost of rent is $1,643/mo in Elk Lake, primarily driven by the current value of real estate in the Elk Lake area. In Elk Lake, 24.67% of households rent, and 41.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Lake is $6,780 per month. Households that rent pay about 24.24% of their income on rent here. Elk Lake’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millican, OR: higher priced homes
- Deschutes, OR: less expensive homes
- La Pine, OR: less expensive homes
- Three Rivers, OR: equally priced homes
- Sunriver, OR: higher priced homes
- Gilchrist, OR: less expensive homes
- Crescent Lake Junction, OR: less expensive homes
- Bend, OR: higher priced homes
- Crescent, OR: less expensive homes
- Tumalo, OR: higher priced homes
Cities with Similar Populations
- Denio, NV: less expensive homes
- Trout River, NY: less expensive homes
- Dillard, MO: less expensive homes
- Dill, TN: less expensive homes
- Diamond Springs, KS: less expensive homes
- Dewart, PA: less expensive homes
- Deschutes, OR: less expensive homes
- Derry, LA: less expensive homes
- Denver, TN: less expensive homes
- Tobico Beach, MI: less expensive homes
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