Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elmira area can be challenging. Home prices in Elmira are now at a median cost of $148,486, lower than the Michigan average of $196,062.
The average cost of rent is $811/mo in Elmira, primarily driven by the current value of real estate in the Elmira area. While nearly 40.82% of residents own their homes outright in Elmira, 7.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmira is $5,219 per month. Households that rent pay about 15.54% of their income on rent here. Elmira's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Eyedylwild Beach, MI: equally priced homes
- Alba, MI: less expensive homes
- Oak Grove, MI: higher priced homes
- Gaylord, MI: higher priced homes
- Boyne Falls, MI: higher priced homes
- Otsego Lake, MI: equally priced homes
- Vanderbilt, MI: equally priced homes
- Wetzel, MI: less expensive homes
- Green River, MI: equally priced homes
- Sparr, MI: higher priced homes
Cities with Similar Populations
- Carson, WA: higher priced homes
- Crownpoint, NM: less expensive homes
- Davis Junction, IL: equally priced homes
- DeKalb, MS: less expensive homes
- East Gaffney, SC: less expensive homes
- Stamford, TX: less expensive homes
- Lapel, IN: equally priced homes
- Madawaska, ME: less expensive homes
- Mattapoisett, MA: higher priced homes
- Middlefield, CT: higher priced homes
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