Expensive
Affordable
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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 $349,058, lower than the New York average of $610,895.
The average cost of rent is $1,168/mo in Elma, primarily driven by the current value of real estate in the Elma area. In Elma, 12.20% of households rent, and 42.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elma is $9,556 per month. Households that rent pay about 12.23% of their income on rent here. Elma’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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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