Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elma area can be challenging. Home prices in Elma are now at a median cost of $271,298, lower than the New York average of $481,023.
The average cost of rent is $1,060/mo in Elma, primarily driven by the current value of real estate in the Elma area. While nearly 39.54% of residents own their homes outright in Elma, 17.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elma is $6,259 per month. Households that rent pay about 16.94% of their income on rent here. Elma's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Marilla, NY: equally priced homes
- East Aurora, NY: equally priced homes
- Lancaster, NY: less expensive homes
- Town Line, NY: less expensive homes
- DePew, NY: less expensive homes
- West Seneca, NY: less expensive homes
- Taylorshire, NY: equally priced homes
- Orchard Park, NY: equally priced homes
- Alden, NY: less expensive homes
- Bowmansville, NY: less expensive homes
Cities with Similar Populations
- Cresskill, NJ: higher priced homes
- Crozet, VA: higher priced homes
- Croydon, PA: less expensive homes
- Crownsville, MD: higher priced homes
- Crosswicks, NJ: higher priced homes
- Cross Lanes, WV: less expensive homes
- Crittenden, KY: less expensive homes
- Rupert, ID: less expensive homes
- Crestwood Village, NJ: less expensive homes
- Crystal Springs, MS: less expensive homes
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