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Affordable
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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 $159,004, lower than the Virginia average of $443,089.
The average cost of rent is $615/mo in Lower Elk Creek, primarily driven by the current value of real estate in the Lower Elk Creek area. In Lower Elk Creek, 23.16% of households rent, and 51.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lower Elk Creek is $3,814 per month. Households that rent pay about 16.13% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elk Creek, VA: less expensive homes
- Spring Valley, VA: equally priced homes
- Carsonville, VA: equally priced homes
- Independence, VA: equally priced homes
- Volney, VA: less expensive homes
- Turkey Fork, VA: equally priced homes
- Speedwell, VA: higher 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: less expensive 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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