Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lower Elk Creek area can be challenging. Home prices in Lower Elk Creek are now at a median cost of $122,946, lower than the Virginia average of $323,261.
The average cost of rent is $637/mo in Lower Elk Creek, primarily driven by the current value of real estate in the Lower Elk Creek area. While nearly 57.98% of residents own their homes outright in Lower Elk Creek, 32.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lower Elk Creek is $2,847 per month. Households that rent pay about 22.38% of their income on rent here. Lower Elk Creek's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Elk Creek, VA: equally priced homes
- Spring Valley, VA: equally priced homes
- Carsonville, VA: equally priced homes
- Independence, VA: equally priced homes
- Volney, VA: equally priced homes
- Turkey Fork, VA: higher priced homes
- Speedwell, VA: equally priced homes
- Fries, VA: less expensive homes
- Stevens Creek, VA: less expensive homes
- Cripple Creek, VA: less expensive homes
Cities with Similar Populations
- Hinton, KY: higher priced homes
- Helen, WV: less expensive homes
- Helton, KY: less expensive homes
- Henlopen Acres, DE: higher priced homes
- Henshaw, KY: higher priced homes
- Hereford, OR: higher priced homes
- Hetland, SD: equally priced homes
- Hillside, WI: higher priced homes
- Hilly, LA: higher priced homes
- Hines, IL: higher priced homes
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