Home Price Key
Affordable
Average
Expensive
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 $197,097, higher than the Iowa average of $182,666.
The average cost of rent is $646/mo in Elon, primarily driven by the current value of real estate in the Elon area. While nearly 56.61% of residents own their homes outright in Elon, 20.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elon is $5,996 per month. Households that rent pay about 10.77% of their income on rent here. Elon's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
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: less expensive homes
- Harpers Ferry, IA: equally priced homes
- Ludlow, IA: equally priced homes
- Waukon Junction, IA: equally priced homes
- Watson, IA: less expensive 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: less expensive homes
- Cortez, PA: higher priced homes
- Cotesfield, NE: less expensive homes
- Cottage Grove, IN: less expensive homes
- White Sulphur Springs, GA: less expensive homes
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