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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 $412,223, lower than the Washington average of $621,115.
The average cost of rent is $971/mo in Elma, primarily driven by the current value of real estate in the Elma area. In Elma, 21.22% of households rent, and 40.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elma is $6,686 per month. Households that rent pay about 14.53% of their income on rent here. Elma’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Satsop, WA: less expensive homes
- Saginaw, WA: less expensive homes
- South Elma, WA: equally priced homes
- Brady, WA: equally priced homes
- Malone, WA: equally priced homes
- Mccleary, WA: equally priced homes
- Hillgrove, WA: equally priced homes
- Porter, WA: equally priced homes
- Montesano, WA: less expensive homes
- South Montesano, WA: less expensive homes
Cities with Similar Populations
- Country Club Estates, GA: less expensive homes
- Crossville, AL: less expensive homes
- Cross City, FL: less expensive homes
- Crookston, MN: less expensive homes
- Crockett, TX: less expensive homes
- Crete, NE: less expensive homes
- Creston, IA: less expensive homes
- Crandall, TX: less expensive homes
- Cowpens, SC: less expensive homes
- Dayton, MN: higher priced homes
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