The Most Affordable Neighborhoods in Elkville, IL by Home Value

 

Elkville, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elkville area can be challenging. Home prices in Elkville are now at a median cost of $66,355, lower than the Illinois average of $242,002.

The average cost of rent is $607/mo in Elkville, primarily driven by the current value of real estate in the Elkville area. While nearly 61.39% of residents own their homes outright in Elkville, 32.11% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elkville is $3,391 per month. Households that rent pay about 17.91% of their income on rent here. Elkville's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.


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