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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 $126,031, lower than the South Carolina average of $296,593.
The average cost of rent is $826/mo in Elko, primarily driven by the current value of real estate in the Elko area. In Elko, 25.75% of households rent, and 42.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elko is $4,192 per month. Households that rent pay about 19.71% of their income on rent here. Elko’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Williston, SC: less expensive homes
- Hilda, SC: less expensive homes
- Blackville, SC: less expensive homes
- Barnwell, SC: equally priced homes
- Snelling, SC: higher priced homes
- Windsor, SC: equally priced homes
- Sweden, SC: less expensive homes
- Sato, SC: less expensive homes
- Denmark, SC: less expensive homes
- Olar, SC: less expensive homes
Cities with Similar Populations
- Millville, MI: higher priced homes
- Rapids, NY: higher priced homes
- Ransom, KY: less expensive homes
- Randolph, UT: higher priced homes
- Quincy, PA: higher priced homes
- Nobility, TX: higher priced homes
- Nichols, WI: higher priced homes
- New Trier, MN: higher priced homes
- Milton Mills, NH: higher priced homes
- Ravenwood, MO: higher priced homes
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