Home prices
The median home value in Elaine is $37,500. Compared to other places in this area it is approximately $26,840 (41%) lower.It is about $180,000 (82%) lower in comparison to the rest of the nation, and is roughly $64,300 (63%) lower in comparison to the city of Memphis.
Rents
In Elaine the median monthly rent is $349. It is approximately $161 (31%) lower compared to other places in this area.In comparison to the rest of the nation it is about $713 (67%) lower, and it is approximately $552 (61%) lower compared to the city of Memphis.
Nearby places
Lake View
Lake View is approximately 8 miles north from Elaine. Its real estate prices are significantly more expensive. The median home price in Lake View is $57,000, which comes out to $19,500 (34%) higher than Elaine. The rent there is a bit more expensive. The median rent in Lake View is $417 a month, which comes out to $68 (16%) higher than Elaine.
Friars Point
Friars Point is roughly 11 miles east from Elaine. Its real estate prices are substantially more expensive. The median home in Friars Point is valued at $62,000, which works out to $24,500 (39%) higher than Elaine. Rent there is a bit more expensive. Friars Point's median rent is $484 per month, which works out to $135 (27%) higher than Elaine.
Clarksdale
Clarksdale is approximately 16 miles southeast of Elaine. The real estate prices there are substantially more expensive. The median home in Clarksdale costs $65,400, which comes out to $27,900 (42%) higher than Elaine. The rent there is substantially more expensive. Clarksdale's median monthly rent is $599, which is $250 (41%) higher than Elaine.
Lyon
Lyon is about 17 miles southeast from Elaine. Its real estate prices are a lot more expensive. The value of the median home in Lyon is $105,600, which comes out to $68,100 (64%) higher than Elaine. Its rents are substantially more expensive. The median rent in Lyon is $625 per month, which comes out to $276 (44%) higher than Elaine.
Coahoma
Coahoma is roughly 17 miles east of Elaine. Its housing prices are a bit less expensive. The price of the median home in Coahoma is $31,700, which is $5,800 (18%) lower than Elaine. Rents there are a bit more expensive. In Coahoma the median monthly rent is $425, which works out to $76 (17%) higher than Elaine.
