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 $290,667, higher than the North Carolina average of $226,477.
The average cost of rent is $1,426/mo in Elon, primarily driven by the current value of real estate in the Elon area. While nearly 34.37% of residents own their homes outright in Elon, 27.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elon is $6,695 per month. Households that rent pay about 21.30% of their income on rent here. Elon's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Glen Raven, NC: less expensive homes
- Gibsonville, NC: less expensive homes
- Burlington, NC: less expensive homes
- Ossipee, NC: less expensive homes
- Alamance, NC: equally priced homes
- Elon College, NC: less expensive homes
- Whitsett, NC: less expensive homes
- Sedalia, NC: less expensive homes
- Bellemont, NC: less expensive homes
- Graham, NC: less expensive homes
Cities with Similar Populations
- Tremonton, UT: less expensive homes
- Cranbury, NJ: higher priced homes
- Woodbury, CT: higher priced homes
- Wilkesboro, NC: less expensive homes
- Cushing, OK: less expensive homes
- Cynthiana, KY: less expensive homes
- Darby, PA: less expensive homes
- Decorah, IA: less expensive homes
- Woodbine, MD: higher priced homes
- Victoria, MN: higher priced homes
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