Breast cancer is the most common and deadly cancer in women, where early detection is of the utmost importance as survival rates decrease with the advancement of the disease. Most available methods of breast cancer screening and evaluation lack the ability to effectively differentiate between benign and malignant lesions without a biopsy. Ultrasound elastography (USE) is a cost-effective method that can potentially provide an initial malignancy assessment at the bedside. One of the challenges, however, is the uncertainty of tissue displacement data when performing USE due to out-of-plane movement of the tissue during mechanical stimulation, in addition to the computational efficiency necessary for real-time image reconstruction. This work presents a comparison of four different theoretically sound displacement estimators for their ability in tissue Young’s modulus reconstruction level with an emphasis on quality-to-runtime ratio to determine which estimators are most suitable for real-time USE systems. The methods are known in literature as AM2D, GLUE, OVERWIND, and SOUL methods. The effectiveness of each method was assessed as a stand-alone method or in combination with a strain field enhancement technique known as STREAL, which was recently developed using tissue mechanics-based regularization. The study was performed using radiofrequency US data pertaining to in silico and tissue mimicking phantoms in addition to clinical data. This data was used to generate tissue displacement fields employed to generate axial and lateral strain images before Young’s modulus images were reconstructed. The study indicates that the AM2D displacement estimator, which is an older and computationally less involved method, along with a tissue-mechanics-based image processing algorithm, performs very well, with high CNR, SNR, and preservation of tumor heterogeneity obtained at both strain and stiffness image levels, while its computation run-time is much lower compared to other estimation methods. As such, it can be recommended for incorporation in real-time USE systems.