Similar to the surrounding areas, it is substantially more expensive compared to the entire country. Compared to the city of Salt Lake City however, it is a little more expensive.
Home prices
The median home in Elk Ridge is valued at $356,300. This is is very similar in comparison to its surrounding areas.In comparison to the rest of the country it is about $138,800 (63%) higher, and is approximately $41,800 (13%) higher in comparison to the city of Salt Lake City.
Rents
Elk Ridge's median rent is $1,536 a month. This is roughly $252 (19%) higher in comparison to the surrounding areas.It is roughly $474 (44%) higher in comparison to the nation as a whole, and in comparison to the city of Salt Lake City it is approximately $551 (55%) higher.
Nearby places
Woodland Hills
Woodland Hills is Elk Ridge's neighbor to the east. Real estate prices there are a bit more expensive. The median home in Woodland Hills costs $485,300, which works out to $129,000 (26%) higher than Elk Ridge. The rent there is a little more expensive. The median rent in Woodland Hills is $1,875 per month, which comes out to $339 (18%) higher than Elk Ridge.
Salem
Salem is Elk Ridge's neighbor to the north. The housing prices there are a little less expensive. The median home value in Salem is $331,900, which is $24,400 (7%) lower than Elk Ridge. Rent there is somewhat less expensive. In Salem the median rent is $1,250 per month, which comes out to $286 (22%) lower than Elk Ridge.
Payson
Payson is Elk Ridge's neighbor to the northwest. The real estate prices there are substantially less expensive. The median home cost in Payson is $231,000, which works out to $125,300 (54%) lower than Elk Ridge. Rent there is significantly less expensive. Payson's median monthly rent is $1,017, which works out to $519 (51%) lower than Elk Ridge.
Santaquin
Santaquin is about 5 miles southwest from Elk Ridge. Real estate prices there are significantly less expensive. The median home cost in Santaquin is $251,600, which comes out to $104,700 (41%) lower than Elk Ridge. Its rents are substantially less expensive. Santaquin's median rent is $997 per month, which is $539 (54%) lower than Elk Ridge.
West Mountain
West Mountain is approximately 6 miles northwest from Elk Ridge. Its real estate prices are a little more expensive. The median home value in West Mountain is $478,000, which comes out to $121,700 (25%) higher than Elk Ridge. Rent there is a little less expensive. The median rent in West Mountain is $1,281 a month, which comes out to $255 (19%) lower than Elk Ridge.
