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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 $59,400, lower than the North Carolina average of $323,314.
The average cost of rent is $789/mo in Elrod, primarily driven by the current value of real estate in the Elrod area. In Elrod, 23.35% of households rent, and 73.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elrod is $2,854 per month. Households that rent pay about 27.64% 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
- Rowland, NC: higher priced homes
- Purvis, NC: higher priced homes
- Barnesville, NC: higher priced homes
- Raynham, NC: higher priced homes
- Pembroke, NC: higher priced homes
- Raemon, NC: higher priced homes
- Maxton, NC: higher priced homes
- McDonald, NC: higher priced homes
- Prospect, NC: higher priced homes
- Oakland Cross Roads, SC: higher priced homes
Cities with Similar Populations
- Macedonia, TN: higher priced homes
- Rock Stream, NY: higher priced homes
- Rochelle, VA: higher priced homes
- Middle Inlet, WI: higher priced homes
- Merritt, NC: higher priced homes
- McLane, PA: higher priced homes
- Marysville, MT: higher priced homes
- Mambrino, TX: higher priced homes
- Mackay, ID: higher priced homes
- Rose Creek, MN: higher priced homes
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