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Affordable
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These days, finding an affordable place to live in the Elmo area can be challenging. Home prices in Elmo are now at a median cost of $112,974, lower than the Missouri average of $246,641.
The average cost of rent is $624/mo in Elmo, primarily driven by the current value of real estate in the Elmo area. In Elmo, 20.23% of households rent, and 52.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmo is $5,803 per month. Households that rent pay about 10.75% of their income on rent here. Elmo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burlington Junction, MO: higher priced homes
- Blanchard, IA: less expensive homes
- Clearmont, MO: equally priced homes
- Braddyville, IA: equally priced homes
- College Springs, IA: higher priced homes
- Westboro, MO: higher priced homes
- Coin, IA: less expensive homes
- Shambaugh, IA: higher priced homes
- Northboro, IA: less expensive homes
- Wilcox, MO: higher priced homes
Cities with Similar Populations
- Burtons, MS: higher priced homes
- Tynan, TX: higher priced homes
- Swans Island, ME: higher priced homes
- Spring Creek Colony, SD: higher priced homes
- Channing, MI: higher priced homes
- Chamberlin, LA: higher priced homes
- Center Junction, IA: higher priced homes
- Cedron, OH: higher priced homes
- Cedar Creek, WI: higher priced homes
- Carthage, AR: equally priced homes
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