Much like its nearby areas, it is substantially less expensive compared to the nation as a whole. However it's somewhat less expensive compared to the city of Buffalo.
Home prices
Elgin's median home price is $79,600. It is approximately $2,380 (2%) lower compared to other places in this area.It is approximately $137,900 (63%) lower compared to the entire country, and in comparison to the city of Buffalo is roughly $10,200 (11%) lower.
Rents
Elgin's median monthly rent is $788. In comparison to nearby areas it is approximately $116 (17%) higher.In comparison to the US as a whole it is about $274 (25%) lower, and is about $12 (1%) higher in comparison to the city of Buffalo.
Nearby places
Union City
Union City is roughly 4 miles west of Elgin. Real estate prices there are a bit more expensive. The median home in Union City is valued at $84,200, which comes out to $4,600 (5%) higher than Elgin. Rents there are a lot less expensive. Union City's median monthly rent is $585, which works out to $203 (34%) lower than Elgin.
Corry
Corry is approximately 5 miles east from Elgin. The real estate prices there are somewhat more expensive. The cost of the median home in Corry is $89,000, which is $9,400 (10%) higher than Elgin. Its rents are somewhat less expensive. Corry's median monthly rent is $662, which is $126 (19%) lower than Elgin.
Spartansburg
Spartansburg is roughly 6 miles southeast of Elgin. Housing prices there are pretty similar. The median home in Spartansburg is valued at $78,200, which comes out to $1,400 (1%) lower than Elgin. Rent there is a little less expensive. In Spartansburg the median monthly rent is $713, which comes out to $75 (10%) lower than Elgin.
Wattsburg
Wattsburg is about 6 miles northwest of Elgin. The real estate prices there are similar. Wattsburg's median home cost is $83,500, which comes out to $3,900 (4%) higher than Elgin. Rents there are somewhat less expensive. The median rent in Wattsburg is $725 per month, which is $63 (8%) lower than Elgin.
Canadohta Lake
Canadohta Lake is approximately 7 miles southwest of Elgin. The housing prices there are a bit less expensive. Canadohta Lake's median home value is $75,000, which works out to $4,600 (6%) lower than Elgin. Rents there are a little less expensive. The median monthly rent in Canadohta Lake is $674, which comes out to $114 (16%) lower than Elgin.
