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These days, finding an affordable place to live in the Elon area can be challenging. Home prices in Elon are now at a median cost of $201,316, lower than the Iowa average of $226,062.
The average cost of rent is $758/mo in Elon, primarily driven by the current value of real estate in the Elon area. In Elon, 11.71% of households rent, and 45.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elon is $6,945 per month. Households that rent pay about 10.92% of their income on rent here. Elon’s most expensive areas are in the southeastern 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
- Waterville, IA: higher priced homes
- Waukon, IA: less expensive homes
- Volney, IA: higher priced homes
- Village Creek, IA: equally priced homes
- Lansing, IA: equally priced homes
- Harpers Ferry, IA: higher priced homes
- Ludlow, IA: higher priced homes
- Waukon Junction, IA: higher priced homes
- Watson, IA: equally priced homes
- Monona, IA: less expensive homes
Cities with Similar Populations
- Wetipquin, MD: higher priced homes
- Willamar, TX: less expensive homes
- Wildwood, VA: higher priced homes
- Whitehead, MS: less expensive homes
- Corley, AR: less expensive homes
- Coronet, FL: higher priced homes
- Cortez, PA: higher priced homes
- Cotesfield, NE: less expensive homes
- Cottage Grove, IN: higher priced homes
- White Sulphur Springs, GA: less expensive homes
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