Home prices
Elk Point's median home value is $151,300. It is about $59,220 (64%) higher in comparison to its nearby areas.Compared to the country as a whole it is roughly $66,200 (30%) lower, and in comparison to the city of Sioux Falls it is about $38,500 (20%) lower.
Rents
The median monthly rent in Elk Point is $822. This is approximately $266 (47%) higher in comparison to its surrounding areas.It is about $240 (22%) lower in comparison to the entire country, and compared to the city of Sioux Falls is is very similar.
Nearby places
Westfield
Westfield is approximately 5 miles northeast of Elk Point. Real estate prices there are substantially less expensive. The median home price in Westfield is $78,300, which is $73,000 (93%) lower than Elk Point. Rent there is a lot less expensive. In Westfield the median monthly rent is $536, which comes out to $286 (53%) lower than Elk Point.
Jefferson
Jefferson is approximately 7 miles southeast from Elk Point. Housing prices there are a bit less expensive. The median home in Jefferson costs $118,000, which works out to $33,300 (28%) lower than Elk Point. Its rents are a lot less expensive. In Jefferson the median rent is $405 per month, which is $417 (102%) lower than Elk Point.
Ponca
Ponca is approximately 7 miles south from Elk Point. Real estate prices there are substantially less expensive. The median home in Ponca costs $90,300, which comes out to $61,000 (67%) lower than Elk Point. Rent there is substantially less expensive. In Ponca the median rent is $575 a month, which works out to $247 (42%) lower than Elk Point.
Newcastle
Newcastle is roughly 8 miles west of Elk Point. Its housing prices are significantly less expensive. The value of the median home in Newcastle is $66,400, which comes out to $84,900 (127%) lower than Elk Point. Its rents are a bit less expensive. Newcastle's median rent is $644 a month, which comes out to $178 (27%) lower than Elk Point.
Akron
Akron is approximately 10 miles northeast from Elk Point. Real estate prices there are a lot less expensive. The cost of the median home in Akron is $107,400, which is $43,900 (40%) lower than Elk Point. Rent there is significantly less expensive. In Akron the median monthly rent is $621, which is $201 (32%) lower than Elk Point.
