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Affordable
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These days, finding an affordable place to live in the Elmer area can be challenging. Home prices in Elmer are now at a median cost of $169,305, lower than the Michigan average of $250,415.
The average cost of rent is $950/mo in Elmer, primarily driven by the current value of real estate in the Elmer area. In Elmer, 8.15% of households rent, and 62.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmer is $4,544 per month. Households that rent pay about 20.90% of their income on rent here. Elmer’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Snover, MI: equally priced homes
- Sandusky, MI: less expensive homes
- Decker, MI: equally priced homes
- Watertown, MI: equally priced homes
- Marlette, MI: equally priced homes
- Hemans, MI: equally priced homes
- McGregor, MI: less expensive homes
- Argyle, MI: equally priced homes
- Shabbona, MI: less expensive homes
- Peck, MI: less expensive homes
Cities with Similar Populations
- Park Center, CO: higher priced homes
- Olivet, WI: higher priced homes
- Oral Lake, WV: higher priced homes
- Oran, IA: higher priced homes
- Orianna, GA: equally priced homes
- Oriental, PA: higher priced homes
- Oscar, MO: less expensive homes
- Osterhout, PA: equally priced homes
- Otto, WV: equally priced homes
- Palestine, OH: less expensive homes
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