Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elkins area can be challenging. Home prices in Elkins are now at a median cost of $198,200, lower than the New Mexico average of $199,923.
The average cost of rent is $675/mo in Elkins, primarily driven by the current value of real estate in the Elkins area. While nearly 50.59% of residents own their homes outright in Elkins, 49.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elkins is $3,611 per month. Households that rent pay about 18.69% of their income on rent here. Elkins's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- South Spring Acres, NM: higher priced homes
- Mountain View, NM: equally priced homes
- Milnesand, NM: less expensive homes
- Lingo, NM: less expensive homes
- Bledsoe, TX: less expensive homes
- Lehman, TX: less expensive homes
- Tinnie, NM: higher priced homes
- Morton, TX: less expensive homes
- Whiteface, TX: less expensive homes
- Lincoln, NM: equally priced homes
Cities with Similar Populations
- Trementina, NM: less expensive homes
- Headsville, TX: less expensive homes
- Heathville, PA: less expensive homes
- Trujillo, NM: less expensive homes
- Trombly, MI: less expensive homes
- Trinity, KY: less expensive homes
- Triadelphia, OH: less expensive homes
- Henrietta, WV: less expensive homes
- Herman, NJ: higher priced homes
- Truman, PA: less expensive homes
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