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These days, finding an affordable place to live in the Elko area can be challenging. Home prices in Elko are now at a median cost of $319,336, lower than the Georgia average of $324,634.
The average cost of rent is $800/mo in Elko, primarily driven by the current value of real estate in the Elko area. In Elko, 6.63% of households rent, and 36.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elko is $10,116 per month. Households that rent pay about 7.91% of their income on rent here. Elko’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clinchfield, GA: less expensive homes
- Henderson, GA: higher priced homes
- Grovania, GA: less expensive homes
- Unadilla, GA: less expensive homes
- Hayneville, GA: less expensive homes
- Perry, GA: less expensive homes
- Klondike, GA: less expensive homes
- Marshallville, GA: less expensive homes
- Hawkinsville, GA: less expensive homes
- Dooling, GA: less expensive homes
Cities with Similar Populations
- Powers, OR: less expensive homes
- Mudsock, OH: higher priced homes
- Murdock, MN: less expensive homes
- Murray, NY: less expensive homes
- Nadine, NM: less expensive homes
- Nassawadox, VA: less expensive homes
- New Albin, IA: less expensive homes
- New Fountain, TX: less expensive homes
- Newington Forest, VA: higher priced homes
- North Londonderry, NH: higher priced homes
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