Home prices
Elon's median home cost is $253,500. In comparison to nearby areas it is about $105,560 (71%) higher.In comparison to the rest of the country it is approximately $36,000 (16%) higher, and it is approximately $5,200 (2%) higher compared to the city of Raleigh.
Rents
The median rent in Elon is $1,287 a month. This is roughly $512 (66%) higher in comparison to its surrounding areas.Compared to the United States as a whole it is roughly $225 (21%) higher, and it is approximately $166 (14%) higher in comparison to the city of Raleigh.
Nearby places
Gibsonville
Gibsonville is Elon's neighbor to the west. Its real estate prices are significantly less expensive. The median home in Gibsonville is valued at $174,000, which is $79,500 (45%) lower than Elon. Rents there are a lot less expensive. In Gibsonville the median monthly rent is $807, which is $480 (59%) lower than Elon.
Burlington
Burlington is Elon's neighbor to the southeast. Real estate prices there are substantially less expensive. Burlington's median home value is $134,100, which works out to $119,400 (89%) lower than Elon. Rents there are substantially less expensive. Burlington's median rent is $816 per month, which works out to $471 (57%) lower than Elon.
Glen Raven
Glen Raven is Elon's neighbor to the northeast. Housing prices there are a lot less expensive. Glen Raven's median home price is $145,500, which works out to $108,000 (74%) lower than Elon. Rents there are a lot less expensive. In Glen Raven the median monthly rent is $837, which is $450 (53%) lower than Elon.
Whitsett
Whitsett is about 3 miles southwest from Elon. Its housing prices are a lot less expensive. The median home in Whitsett is valued at $183,900, which comes out to $69,600 (37%) lower than Elon. Rent there is a lot less expensive. In Whitsett the median monthly rent is $783, which is $504 (64%) lower than Elon.
Ossipee
Ossipee is roughly 4 miles north from Elon. Its real estate prices are substantially less expensive. The median home in Ossipee is valued at $102,200, which works out to $151,300 (148%) lower than Elon. Rents there are a lot less expensive. The median rent in Ossipee is $630 per month, which comes out to $657 (104%) lower than Elon.
