Home Price Key
Affordable
Average
Expensive
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 $258,549, higher than the Michigan average of $196,062.
The average cost of rent is $842/mo in Elmdale, primarily driven by the current value of real estate in the Elmdale area. While nearly 29.51% of residents own their homes outright in Elmdale, 9.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmdale is $7,541 per month. Households that rent pay about 11.16% of their income on rent here. Elmdale's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Clarksville, MI: less expensive homes
- Bowne Center, MI: equally priced homes
- Lowell, MI: equally priced homes
- Saranac, MI: less expensive homes
- Alto, MI: higher priced homes
- McCords, MI: higher priced homes
- Freeport, MI: less expensive homes
- Lake Odessa, MI: less expensive homes
- Forest Hills, MI: higher priced homes
- Ada, MI: higher priced homes
Cities with Similar Populations
- Salisbury, NH: less expensive 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: less expensive homes
- Millersburg, MI: less expensive homes
- Montgomery Center, VT: less expensive homes
- Montville, NY: less expensive homes
- Ripley, OK: less expensive homes
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