Home Price Key
Affordable
Average
Expensive
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 $442,947, higher than the Oregon average of $365,363.
The average cost of rent is $1,151/mo in Elk Lake, primarily driven by the current value of real estate in the Elk Lake area. While nearly 69.62% of residents own their homes outright in Elk Lake, 23.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elk Lake is $5,709 per month. Households that rent pay about 20.16% 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.
Nearby Cities
- Millican, OR: equally priced homes
- Deschutes, OR: less expensive homes
- La Pine, OR: less expensive homes
- Three Rivers, OR: less expensive 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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