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Affordable
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These days, finding an affordable place to live in the Elora area can be challenging. Home prices in Elora are now at a median cost of $186,092, lower than the Tennessee average of $315,131.
The average cost of rent is $627/mo in Elora, primarily driven by the current value of real estate in the Elora area. In Elora, 4.88% of households rent, and 54.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elora is $6,541 per month. Households that rent pay about 9.59% of their income on rent here. Elora’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Flintville, TN: equally priced homes
- Plevna, AL: higher priced homes
- Kelso, TN: equally priced homes
- Smithland, TN: equally priced homes
- Huntland, TN: equally priced homes
- Skinem, AL: higher priced homes
- Sulphur Springs, AL: higher priced homes
- Lexie Crossroads, TN: higher priced homes
- Fayetteville, TN: higher priced homes
- Belvidere, TN: higher priced homes
Cities with Similar Populations
- Madison Lake, MN: higher priced homes
- Racetrack, MT: higher priced homes
- Pilot, VA: equally priced homes
- Pamplin, VA: higher priced homes
- Olla, LA: less expensive homes
- North Garden, VA: higher priced homes
- Newburg, WI: higher priced homes
- New Pekin, IN: less expensive homes
- Minerva Park, OH: higher priced homes
- Merrionette Park, IL: equally priced homes
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