Much like nearby areas, it is substantially less expensive compared to the country as a whole. Compared to the city of Southfield, it's substantially less expensive.
Home prices
The value of the median home in Elkton is $73,000. In comparison to nearby areas this is about $3,160 (4%) lower.In comparison to the US as a whole it is about $144,500 (66%) lower, and it is roughly $82,700 (53%) lower compared to the city of Southfield.
Rents
Elkton's median rent is $500 a month. Compared to the surrounding areas it is approximately $86 (14%) lower.In comparison to the rest of the country it is approximately $562 (52%) lower, and in comparison to the city of Southfield it is about $625 (55%) lower.
Nearby places
Pigeon
Pigeon is approximately 3 miles west from Elkton. Housing prices there are a bit more expensive. The price of the median home in Pigeon is $81,000, which comes out to $8,000 (9%) higher than Elkton. Rent there is a little more expensive. In Pigeon the median rent is $670 a month, which works out to $170 (25%) higher than Elkton.
Owendale
Owendale is about 6 miles southwest from Elkton. Its housing prices are a lot less expensive. The median home in Owendale is valued at $53,100, which works out to $19,900 (37%) lower than Elkton. Its rents are a little more expensive. In Owendale the median monthly rent is $542, which works out to $42 (7%) higher than Elkton.
Bad Axe
Bad Axe is approximately 7 miles east from Elkton. Real estate prices there are a bit more expensive. The cost of the median home in Bad Axe is $84,300, which is $11,300 (13%) higher than Elkton. The rent there is a little more expensive. Bad Axe's median monthly rent is $609, which is $109 (17%) higher than Elkton.
Bay Port
Bay Port is about 8 miles west of Elkton. Real estate prices there are somewhat less expensive. The median home in Bay Port costs $65,500, which is $7,500 (11%) lower than Elkton. The rent there is a bit more expensive. In Bay Port the median monthly rent is $593, which is $93 (15%) higher than Elkton.
Caseville
Caseville is roughly 8 miles northwest from Elkton. The real estate prices there are a little more expensive. The median home in Caseville is valued at $96,900, which works out to $23,900 (24%) higher than Elkton. Rents there are pretty similar. Caseville's median monthly rent is $515, which is $15 (2%) higher than Elkton.
