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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 $543,673, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,768/mo in Elm Grove, primarily driven by the current value of real estate in the Elm Grove area. In Elm Grove, 11.61% of households rent, and 40.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm Grove is $11,954 per month. Households that rent pay about 14.79% of their income on rent here. Elm Grove’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brookfield, WI: less expensive homes
- Wauwatosa, WI: less expensive homes
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- Duplainville, WI: equally priced homes
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- West Milwaukee, WI: less expensive homes
- Milwaukee, WI: less expensive homes
- Menomonee Falls, WI: less expensive homes
- Greenfield, WI: less expensive homes
Cities with Similar Populations
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- Barrington, NH: less expensive homes
- St. John, MO: less expensive homes
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