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These days, finding an affordable place to live in the Elkton area can be challenging. Home prices in Elkton are now at a median cost of $152,019, lower than the Kentucky average of $219,615.
The average cost of rent is $878/mo in Elkton, primarily driven by the current value of real estate in the Elkton area. In Elkton, 20.94% of households rent, and 42.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkton is $6,055 per month. Households that rent pay about 14.50% of their income on rent here. Elkton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tress Shop, KY: equally priced homes
- Claymour, KY: higher priced homes
- Zion, KY: higher priced homes
- Allegre, KY: less expensive homes
- Mount Tabor, KY: less expensive homes
- Fairview, KY: higher priced homes
- Justice, KY: higher priced homes
- Sharon Grove, KY: less expensive homes
- Whippoorwill, KY: higher priced homes
- Allensville, KY: higher priced homes
Cities with Similar Populations
- Checotah, OK: less expensive homes
- Bristol, NH: higher priced homes
- Stuart, VA: equally priced homes
- Jarratt, VA: higher priced homes
- Tuskegee Institute, AL: less expensive homes
- Collinsville, AL: less expensive homes
- Ladysmith, WI: equally priced homes
- Winnie, TX: higher priced homes
- Winfield, WV: higher priced homes
- Windsor, WI: higher priced homes
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