Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elrod area can be challenging. Home prices in Elrod are now at a median cost of $152,164, lower than the Alabama average of $185,232.
The average cost of rent is $725/mo in Elrod, primarily driven by the current value of real estate in the Elrod area. While nearly 40.02% of residents own their homes outright in Elrod, 13.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elrod is $5,709 per month. Households that rent pay about 12.70% of their income on rent here. Elrod's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Echola, AL: equally priced homes
- Gordo, AL: less expensive homes
- Buhl, AL: equally priced homes
- Kirk, AL: less expensive homes
- Coker, AL: higher priced homes
- Romulus, AL: higher priced homes
- Pleasant Grove Estates, AL: less expensive homes
- Northport, AL: higher priced homes
- Stansel, AL: less expensive homes
- Reform, AL: less expensive homes
Cities with Similar Populations
- Rosendale, MO: less expensive homes
- Malta, ID: higher priced homes
- Mc Adams, MS: less expensive homes
- McGuffey, OH: less expensive homes
- McHenry, KY: less expensive homes
- Means, KY: less expensive homes
- Melcroft, PA: less expensive homes
- Mendes, GA: less expensive homes
- Minto, ND: less expensive homes
- Monroe, NE: higher priced homes
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