The Most Affordable Neighborhoods in Elk Mountain, WY by Home Value

 

Elk Mountain, WY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elk Mountain area can be challenging. Home prices in Elk Mountain are now at a median cost of $105,500, lower than the Wyoming average of $294,307.

The average cost of rent is $1,281/mo in Elk Mountain, primarily driven by the current value of real estate in the Elk Mountain area. While nearly 56.71% of residents own their homes outright in Elk Mountain, 21.15% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elk Mountain is $4,271 per month. Households that rent pay about 29.99% of their income on rent here. Elk Mountain's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.


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