Home Price Key
Affordable
Average
Expensive
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 $430,398, higher than the Minnesota average of $269,934.
The average cost of rent is $1,399/mo in Elko, primarily driven by the current value of real estate in the Elko area. While nearly 23.84% of residents own their homes outright in Elko, 3.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elko is $11,308 per month. Households that rent pay about 12.37% of their income on rent here. Elko's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- New Market, MN: less expensive homes
- Elko New Market, MN: less expensive homes
- Webster, MN: less expensive homes
- Veseli, MN: less expensive homes
- Little Chicago, MN: less expensive homes
- Lydia, MN: equally priced homes
- Lakeville, MN: less expensive homes
- Lonsdale, MN: less expensive homes
- Prior Lake, MN: less expensive homes
- Castle Rock, MN: less expensive homes
Cities with Similar Populations
- Highlandville, MO: less expensive homes
- Pauma Valley, CA: higher priced homes
- Rough And Ready, CA: equally priced homes
- Star, NC: less expensive homes
- Upperco, MD: equally priced homes
- Litchfield, MI: less expensive homes
- Lake City, GA: less expensive homes
- Lake City, AR: less expensive homes
- Inglis, FL: less expensive homes
- Hawarden, IA: less expensive homes
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