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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 $239,412, lower than the Texas average of $322,096.
The average cost of rent is $1,400/mo in Elmo, primarily driven by the current value of real estate in the Elmo area. In Elmo, 45.09% of households rent, and 63.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmo is $5,552 per month. Households that rent pay about 25.22% of their income on rent here. Elmo’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kaufman, TX: higher priced homes
- Oak Grove, TX: higher priced homes
- Post Oak Bend City, TX: higher priced homes
- Jiba, TX: less expensive homes
- Gastonia, TX: higher priced homes
- Warsaw, TX: higher priced homes
- Ola, TX: equally priced homes
- Grays Prairie, TX: higher priced homes
- Crandall, TX: higher priced homes
- Talty, TX: higher priced homes
Cities with Similar Populations
- Caylor, VA: less expensive homes
- Camargo, OK: less expensive homes
- Camp Grove, IL: less expensive homes
- Canada Creek Ranch, MI: less expensive homes
- Canoe, AL: less expensive homes
- Capon Springs, WV: less expensive homes
- Willows, MS: less expensive homes
- Cary, KY: less expensive homes
- Cassoday, KS: less expensive homes
- Wilmington, MN: less expensive homes
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