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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 $303,785, higher than the Michigan average of $250,415.
The average cost of rent is $1,905/mo in Elmdale, primarily driven by the current value of real estate in the Elmdale area. In Elmdale, 8.69% of households rent, and 35.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmdale is $8,397 per month. Households that rent pay about 22.68% of their income on rent here. Elmdale’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clarksville, MI: less expensive homes
- Bowne Center, MI: higher priced homes
- Lowell, MI: equally priced homes
- Saranac, MI: less expensive homes
- Alto, MI: higher priced homes
- McCords, MI: higher priced homes
- Freeport, MI: equally priced homes
- Lake Odessa, MI: less expensive homes
- Forest Hills, MI: higher priced homes
- Ada, MI: higher priced homes
Cities with Similar Populations
- Salisbury, NH: higher priced homes
- Loraine, TX: less expensive homes
- Magnolia Springs, AL: higher priced homes
- Alma Center, WI: less expensive homes
- Mammoth Cave, KY: less expensive homes
- Maytown, PA: equally priced homes
- Millersburg, MI: less expensive homes
- Montgomery Center, VT: equally priced homes
- Montville, NY: less expensive homes
- Ripley, OK: less expensive homes
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