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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 $116,684, lower than the Virginia average of $443,089.
The average cost of rent is $1,088/mo in Elmo, primarily driven by the current value of real estate in the Elmo area. In Elmo, 26.46% of households rent, and 51.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmo is $4,851 per month. Households that rent pay about 22.42% of their income on rent here. Elmo’s most expensive areas are in the central 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
- Paces, VA: equally priced homes
- Laurel Grove, VA: higher priced homes
- Sutherlin, VA: higher priced homes
- Vernon Hill, VA: higher priced homes
- Hyco, VA: equally priced homes
- Pickaway, VA: higher priced homes
- Keeling, VA: equally priced homes
- Danripple, VA: higher priced homes
- Alton, VA: higher priced homes
- White Oak, VA: higher priced homes
Cities with Similar Populations
- Williams Corner, OH: higher priced homes
- Kahakuloa, HI: higher priced homes
- Juno, TX: higher priced homes
- Juno Ridge, FL: higher priced homes
- Ivy Grove, KY: less expensive homes
- Ives, MO: higher priced homes
- Island Mountain, CA: higher priced homes
- Hunter Creek, AZ: higher priced homes
- Huffman, AR: higher priced homes
- Wilburton, KS: less expensive homes
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