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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 $249,861, lower than the Minnesota average of $345,793.
The average cost of rent is $821/mo in Elmdale, primarily driven by the current value of real estate in the Elmdale area. In Elmdale, 8.65% of households rent, and 42.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmdale is $7,890 per month. Households that rent pay about 10.41% of their income on rent here. Elmdale’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upsala, MN: equally priced homes
- Bowlus, MN: equally priced homes
- Holdingford, MN: higher priced homes
- Sobieski, MN: higher priced homes
- Opole, MN: higher priced homes
- North Prairie, MN: higher priced homes
- Burtrum, MN: equally priced homes
- Swanville, MN: equally priced homes
- Flensburg, MN: equally priced homes
- St. Anna, MN: higher priced homes
Cities with Similar Populations
- Fletchers Landing, ME: less expensive homes
- Syre, MN: less expensive homes
- Swiss, WV: less expensive homes
- Sweden, PA: less expensive homes
- Swanton, CA: higher priced homes
- Swan Bluff, TN: less expensive homes
- Sussex, WY: less expensive homes
- Surveyor, PA: less expensive homes
- Forks Of Salmon, CA: higher priced homes
- Forestburg, SD: less expensive homes
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