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Affordable
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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 $117,000, lower than the New Mexico average of $265,486.
The average cost of rent is $970/mo in Elkins, primarily driven by the current value of real estate in the Elkins area. In Elkins, 32.78% of households rent, and 47.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkins is $6,262 per month. Households that rent pay about 15.49% of their income on rent here. Elkins’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
- South Spring Acres, NM: higher priced homes
- Mountain View, NM: higher priced homes
- Milnesand, NM: higher priced homes
- Lingo, NM: higher priced 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: higher priced homes
Cities with Similar Populations
- Trementina, NM: higher priced homes
- Headsville, TX: higher priced homes
- Heathville, PA: higher priced homes
- Trujillo, NM: higher priced homes
- Trombly, MI: higher priced homes
- Trinity, KY: less expensive homes
- Triadelphia, OH: higher priced homes
- Henrietta, WV: less expensive homes
- Herman, NJ: higher priced homes
- Truman, PA: equally priced homes
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