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Affordable
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These days, finding an affordable place to live in the Elm area can be challenging. Home prices in Elm are now at a median cost of $265,260, lower than the New Jersey average of $496,577.
The average cost of rent is $2,002/mo in Elm, primarily driven by the current value of real estate in the Elm area. In Elm, 2.84% of households rent, and 33.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm is $10,178 per month. Households that rent pay about 19.67% of their income on rent here. Elm’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
- Waterford Works, NJ: equally priced homes
- Chesilhurst, NJ: less expensive homes
- Hammonton, NJ: higher priced homes
- Winslow, NJ: equally priced homes
- Braddock, NJ: equally priced homes
- Atco, NJ: higher priced homes
- Crowfoot, NJ: higher priced homes
- Indian Mills, NJ: higher priced homes
- Folsom, NJ: equally priced homes
- Da Costa, NJ: higher priced homes
Cities with Similar Populations
- Interior, SD: less expensive homes
- Shawnee Mound, MO: higher priced homes
- Saco, MO: less expensive homes
- Sac Bay, MI: less expensive homes
- Sabula, MO: less expensive homes
- Runa, WV: less expensive homes
- Rueter, MO: less expensive homes
- Liggett, KY: less expensive homes
- Lemert, OH: less expensive homes
- Kerr City, FL: less expensive homes
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