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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 $222,294, lower than the Minnesota average of $345,793.
The average cost of rent is $872/mo in Elkton, primarily driven by the current value of real estate in the Elkton area. In Elkton, 9.97% of households rent, and 40.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkton is $7,557 per month. Households that rent pay about 11.54% of their income on rent here. Elkton’s most expensive areas are in the eastern 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
- Dexter, MN: higher priced homes
- Adams, MN: equally priced homes
- Grand Meadow, MN: higher priced homes
- Taopi, MN: higher priced homes
- Rose Creek, MN: equally priced homes
- Brownsdale, MN: less expensive homes
- Nicolville, MN: less expensive homes
- Johnsburg, MN: higher priced homes
- Sargeant, MN: higher priced homes
- Racine, MN: higher priced homes
Cities with Similar Populations
- Trail, MN: less expensive homes
- Concan, TX: higher priced homes
- Wheatley, AR: less expensive homes
- Cornelia, WI: equally priced homes
- Walden, OR: higher priced homes
- Dawson Crossroads, NC: less expensive homes
- Upperglade, WV: less expensive homes
- Union Grove, IL: less expensive homes
- Dyer, NV: less expensive homes
- Ulysses, KY: less expensive homes
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