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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 $312,756, lower than the Maryland average of $450,578.
The average cost of rent is $1,483/mo in Elkton, primarily driven by the current value of real estate in the Elkton area. In Elkton, 31.78% of households rent, and 32.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkton is $7,278 per month. Households that rent pay about 20.38% of their income on rent here. Elkton’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Colonial Acres, MD: higher priced homes
- Elk Mills, MD: higher priced homes
- Glasgow, DE: higher priced homes
- North East, MD: higher priced homes
- Fair Hill, MD: equally priced homes
- Brookside, DE: equally priced homes
- Newark, DE: higher priced homes
- Chesapeake City, MD: higher priced homes
- Randalia, MD: higher priced homes
- Bear, DE: higher priced homes
Cities with Similar Populations
- Marion, IA: less expensive homes
- Hamburg, NY: less expensive homes
- Hampton, GA: equally priced homes
- Hicksville, NY: higher priced homes
- Hudson, FL: less expensive homes
- Hutto, TX: higher priced homes
- Irwin, PA: less expensive homes
- Kailua, HI: higher priced homes
- Kearny, NJ: higher priced homes
- Kent, OH: less expensive homes
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