Expensive
Affordable
Affordable
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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 $183,170, lower than the Indiana average of $232,932.
The average cost of rent is $930/mo in Elrod, primarily driven by the current value of real estate in the Elrod area. In Elrod, 21.42% of households rent, and 40.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elrod is $6,040 per month. Households that rent pay about 15.40% of their income on rent here. Elrod’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dillsboro, IN: equally priced homes
- Farmers Retreat, IN: higher priced homes
- Friendship, IN: higher priced homes
- Moores Hill, IN: higher priced homes
- Olean, IN: higher priced homes
- Cross Plains, IN: higher priced homes
- Hartford, IN: higher priced homes
- Milan, IN: higher priced homes
- Aurora, IN: higher priced homes
- Fairview, IN: higher priced homes
Cities with Similar Populations
- Cornersville, MD: higher priced homes
- China, IN: equally priced homes
- Citra, OK: less expensive homes
- Clayton, SC: less expensive homes
- Claywell, KY: higher priced homes
- Clear, AK: higher priced homes
- Clover Village, IN: higher priced homes
- Club Springs, TN: higher priced homes
- Cobb, KY: less expensive homes
- Coffee Creek, MT: higher priced homes
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