Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elko New Market area can be challenging. Home prices in Elko New Market are now at a median cost of $351,539, higher than the Minnesota average of $269,934.
The average cost of rent is $1,405/mo in Elko New Market, primarily driven by the current value of real estate in the Elko New Market area. While nearly 10.74% of residents own their homes outright in Elko New Market, 7.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elko New Market is $11,081 per month. Households that rent pay about 12.68% of their income on rent here. Elko New Market's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- New Market, MN: equally priced homes
- Elko, MN: higher priced homes
- Webster, MN: higher priced homes
- Little Chicago, MN: equally priced homes
- Veseli, MN: higher priced homes
- Lonsdale, MN: less expensive homes
- Lakeville, MN: equally priced homes
- Castle Rock, MN: equally priced homes
- Millersburg, MN: equally priced homes
- Lydia, MN: higher priced homes
Cities with Similar Populations
- Walton, NY: less expensive homes
- Troy, VA: less expensive homes
- Troy, TX: less expensive homes
- Trenton, SC: less expensive homes
- Wake Village, TX: less expensive homes
- Treasure Lake, PA: less expensive homes
- West York, PA: less expensive homes
- Waldron, AR: less expensive homes
- Walnut Ridge, AR: less expensive homes
- Tontitown, AR: less expensive homes
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