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Affordable
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These days, finding an affordable place to live in the Elm Grove area can be challenging. Home prices in Elm Grove are now at a median cost of $292,900, lower than the Texas average of $322,096.
The average cost of rent is $1,110/mo in Elm Grove, primarily driven by the current value of real estate in the Elm Grove area. In Elm Grove, 4.41% of households rent, and 76.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm Grove is $6,146 per month. Households that rent pay about 18.06% of their income on rent here. Elm Grove’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Holt, TX: equally priced homes
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Cities with Similar Populations
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- Hare Valley, VA: less expensive homes
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- Hanks Corner, ND: less expensive homes
- Hampton, OR: higher priced homes
- Halibut Cove, AK: less expensive homes
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