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Affordable
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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 $174,459, lower than the North Carolina average of $323,314.
The average cost of rent is $984/mo in Elm City, primarily driven by the current value of real estate in the Elm City area. In Elm City, 18.54% of households rent, and 56.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm City is $5,671 per month. Households that rent pay about 17.36% of their income on rent here. Elm City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winstead Crossroads, NC: higher priced homes
- Sharpsburg, NC: less expensive homes
- Rosebud, NC: equally priced homes
- Wilson, NC: equally priced homes
- Holdens Crossroads, NC: higher priced homes
- Wilbanks, NC: equally priced homes
- Lamm, NC: less expensive homes
- Stanhope, NC: less expensive homes
- Rocky Mount, NC: equally priced homes
- Mercer, NC: less expensive homes
Cities with Similar Populations
- Topsfield, MA: higher priced homes
- Easton, CT: higher priced homes
- Broadway, VA: higher priced homes
- Brookville, PA: less expensive homes
- Caddo Mills, TX: higher priced homes
- Valhalla, NY: higher priced homes
- Uhrichsville, OH: less expensive homes
- Smithville, NJ: higher priced homes
- Solvay, NY: equally priced homes
- Cedar Hill, MO: higher priced homes
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