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These days, finding an affordable place to live in the Elk Mills area can be challenging. Home prices in Elk Mills are now at a median cost of $351,000, lower than the Maryland average of $450,578.
The average cost of rent is $1,358/mo in Elk Mills, primarily driven by the current value of real estate in the Elk Mills area. In Elk Mills, 17.15% of households rent, and 28.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Mills is $10,352 per month. Households that rent pay about 13.12% of their income on rent here. Elk Mills’s most expensive areas are in the central 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
- Colonial Acres, MD: equally priced homes
- Elkton, MD: less expensive homes
- Fair Hill, MD: less expensive homes
- Glasgow, DE: higher priced homes
- Newark, DE: equally priced homes
- Brookside, DE: less expensive homes
- North East, MD: equally priced homes
- Blueball, MD: higher priced homes
- Kemblesville, PA: higher priced homes
- New London, PA: higher priced homes
Cities with Similar Populations
- Hoover, SD: less expensive homes
- Himmel, MO: less expensive homes
- Holbrook, WV: less expensive homes
- Holden, OH: less expensive homes
- Togo, AR: less expensive homes
- Hollywood, WA: higher priced homes
- Holman, AR: less expensive homes
- Homer, KY: less expensive homes
- Hooper, WA: less expensive homes
- Toketee Falls, OR: less expensive homes
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