Expensive
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 $626,267, higher than the Montana average of $409,886.
The average cost of rent is $1,091/mo in Elmo, primarily driven by the current value of real estate in the Elmo area. In Elmo, 19.78% of households rent, and 43.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmo is $6,423 per month. Households that rent pay about 16.99% of their income on rent here. Elmo’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
- Big Arm, MT: equally priced homes
- Dayton, MT: equally priced homes
- Proctor, MT: higher priced homes
- Rollins, MT: equally priced homes
- Polson, MT: less expensive homes
- Niarada, MT: less expensive homes
- Lakeside, MT: higher priced homes
- Bear Dance, MT: equally priced homes
- Lonepine, MT: less expensive homes
- Pablo, MT: less expensive homes
Cities with Similar Populations
- Alplaus, NY: less expensive homes
- Palmetto, TN: less expensive homes
- Ollie, IA: less expensive homes
- Onia, AR: less expensive homes
- Orange, MO: less expensive homes
- Orland, SD: less expensive homes
- Orleans, NY: less expensive homes
- Osceola, NC: less expensive homes
- Osgood, OH: less expensive homes
- Packwood, IA: less expensive homes
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