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These days, finding an affordable place to live in the Elmdale area can be challenging. Home prices in Elmdale are now at a median cost of $165,766, lower than the Indiana average of $232,932.
The average cost of rent is $805/mo in Elmdale, primarily driven by the current value of real estate in the Elmdale area. In Elmdale, 12.23% of households rent, and 33.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmdale is $7,786 per month. Households that rent pay about 10.34% of their income on rent here. Elmdale’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wingate, IN: less expensive homes
- New Richmond, IN: equally priced homes
- Waynetown, IN: less expensive homes
- Wesley, IN: higher priced homes
- Cherry Grove, IN: higher priced homes
- Mellott, IN: less expensive homes
- Linden, IN: higher priced homes
- Hillsboro, IN: less expensive homes
- Newtown, IN: equally priced homes
- Yountsville, IN: higher priced homes
Cities with Similar Populations
- Claysville, KY: equally priced homes
- Chelsea, IN: higher priced homes
- Cherokee Pass, MO: higher priced homes
- Whitney, PA: higher priced homes
- Chester, NE: less expensive homes
- Whitlash, MT: less expensive homes
- Chestnut Ridge, IN: higher priced homes
- Chili, NM: higher priced homes
- Chugwater, WY: higher priced homes
- Clayroot, NC: equally priced homes
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