Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elk area can be challenging. Home prices in Elk are now at a median cost of $119,137, lower than the Texas average of $235,268.
The average cost of rent is $677/mo in Elk, primarily driven by the current value of real estate in the Elk area. While nearly 57.38% of residents own their homes outright in Elk, 17.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elk is $6,292 per month. Households that rent pay about 10.75% of their income on rent here. Elk's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Axtell, TX: equally priced homes
- Hallsburg, TX: equally priced homes
- Mart, TX: equally priced homes
- Mount Calm, TX: equally priced homes
- Leroy, TX: higher priced homes
- Prairie Hill, TX: higher priced homes
- Ben Hur, TX: higher priced homes
- Hoen, TX: higher priced homes
- Bellmead, TX: less expensive homes
- Lacy-Lakeview, TX: equally priced homes
Cities with Similar Populations
- Acme, WA: higher priced homes
- Albion, OK: less expensive homes
- Almena, KS: less expensive homes
- Owsley, MO: higher priced homes
- Old Mystic, CT: higher priced homes
- Olden, MO: less expensive homes
- Oliver, PA: less expensive homes
- Optima, OK: less expensive homes
- Orchard Hill, GA: higher priced homes
- Orchard, IA: higher priced homes
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