Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elmore area can be challenging. Home prices in Elmore are now at a median cost of $76,171, lower than the Minnesota average of $269,934.
The average cost of rent is $773/mo in Elmore, primarily driven by the current value of real estate in the Elmore area. While nearly 65.72% of residents own their homes outright in Elmore, 21.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmore is $4,087 per month. Households that rent pay about 18.90% of their income on rent here. Elmore's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Dell, MN: higher priced homes
- Ledyard, IA: higher priced homes
- Pilot Grove, MN: higher priced homes
- Blue Earth, MN: higher priced homes
- Rake, IA: higher priced homes
- Frost, MN: higher priced homes
- Lakota, IA: less expensive homes
- Buffalo Center, IA: higher priced homes
- Guckeen, MN: higher priced homes
- Riverside Heights, MN: higher priced homes
Cities with Similar Populations
- Milan, PA: higher priced homes
- Richville, OK: higher priced homes
- Morseville, MI: higher priced homes
- Mooar, IA: higher priced homes
- Modesto, IL: higher priced homes
- Moberly, KY: higher priced homes
- Mingo, NC: higher priced homes
- Milner Crossroads, GA: higher priced homes
- Miles, IA: higher priced homes
- Riverside, SD: higher priced homes
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