Home Price Key
Affordable
Average
Expensive
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 $237,711, lower than the Maryland average of $357,815.
The average cost of rent is $1,403/mo in Elkton, primarily driven by the current value of real estate in the Elkton area. While nearly 29.15% of residents own their homes outright in Elkton, 28.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elkton is $6,517 per month. Households that rent pay about 21.52% of their income on rent here. Elkton's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Colonial Acres, MD: equally priced homes
- Elk Mills, MD: higher priced homes
- Glasgow, DE: higher priced homes
- North East, MD: equally 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: equally priced homes
- Bear, DE: higher priced homes
Cities with Similar Populations
- Marion, IA: less expensive homes
- Hamburg, NY: less expensive homes
- Hampton, GA: less expensive homes
- Hicksville, NY: higher priced homes
- Hudson, FL: less expensive homes
- Hutto, TX: higher priced homes
- Irwin, PA: equally priced homes
- Kailua, HI: higher priced homes
- Kearny, NJ: higher priced homes
- Kent, OH: less expensive homes
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