The Most Affordable Neighborhoods in Elm City, NC by Home Value

 

Elm City, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elm City area can be challenging. Home prices in Elm City are now at a median cost of $124,873, lower than the North Carolina average of $226,477.

The average cost of rent is $839/mo in Elm City, primarily driven by the current value of real estate in the Elm City area. While nearly 50.61% of residents own their homes outright in Elm City, 22.66% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elm City is $4,479 per month. Households that rent pay about 18.73% of their income on rent here. Elm City's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.


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