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Affordable
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These days, finding an affordable place to live in the Elkwood area can be challenging. Home prices in Elkwood are now at a median cost of $431,473, lower than the Virginia average of $443,089.
The average cost of rent is $1,448/mo in Elkwood, primarily driven by the current value of real estate in the Elkwood area. In Elkwood, 26.06% of households rent, and 36.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkwood is $7,797 per month. Households that rent pay about 18.57% of their income on rent here. Elkwood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stevensburg, VA: equally priced homes
- Lignum, VA: less expensive homes
- Remington, VA: equally priced homes
- Sumerduck, VA: equally priced homes
- Indian Town, VA: less expensive homes
- Brandy Station, VA: higher priced homes
- Richardsville, VA: less expensive homes
- Bealeton, VA: equally priced homes
- Goldvein, VA: higher priced homes
- Griffinsburg, VA: equally priced homes
Cities with Similar Populations
- New Weston, OH: less expensive homes
- Omaha, VA: less expensive homes
- Olive Branch, IL: less expensive homes
- Okaloosa, LA: less expensive homes
- Okahumpka, FL: less expensive homes
- Oakman, GA: less expensive homes
- Oak Grove Village, MO: less expensive homes
- Nottoway, VA: less expensive homes
- North Turner, ME: less expensive homes
- North Anna, VA: less expensive homes
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