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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 $131,325, lower than the Michigan average of $250,415.
The average cost of rent is $1,024/mo in Elkton, primarily driven by the current value of real estate in the Elkton area. In Elkton, 21.65% of households rent, and 54.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkton is $5,170 per month. Households that rent pay about 19.81% of their income on rent here. Elkton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linkville, MI: higher priced homes
- Berne, MI: higher priced homes
- Bad Axe, MI: higher priced homes
- Owendale, MI: equally priced homes
- Pinnebog, MI: higher priced homes
- Pigeon, MI: higher priced homes
- Filion, MI: higher priced homes
- New Greenleaf, MI: higher priced homes
- Caseville, MI: higher priced homes
- Bay Port, MI: higher priced homes
Cities with Similar Populations
- Arlington, NE: higher priced homes
- Botkins, OH: higher priced homes
- Collinston, LA: less expensive homes
- St. Ansgar, IA: higher priced homes
- Mentone, AL: less expensive homes
- South Webster, OH: higher priced homes
- Shell Rock, IA: higher priced homes
- Roseto, PA: higher priced homes
- Roaming Shores, OH: higher priced homes
- Penhook, VA: higher priced homes
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