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Affordable
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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 $116,022, lower than the North Carolina average of $323,314.
The average cost of rent is $692/mo in Elmore, primarily driven by the current value of real estate in the Elmore area. In Elmore, 32.80% of households rent, and 49.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmore is $4,220 per month. Households that rent pay about 16.41% of their income on rent here. Elmore’s most expensive areas are in the southeastern 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
- Laurel Hill, NC: less expensive homes
- Richmond Mills, NC: equally priced homes
- Laurinburg, NC: equally priced homes
- East Laurinburg, NC: less expensive homes
- Gibson, NC: less expensive homes
- Old Hundred, NC: less expensive homes
- McArthur Crossroads, NC: equally priced homes
- Masons Crossroads, NC: higher priced homes
- Johns, NC: less expensive homes
- Steen Town, NC: less expensive homes
Cities with Similar Populations
- Mcadoo, TX: less expensive homes
- Round Spring, MO: higher priced homes
- Rosecrans, IL: higher priced homes
- Rosebud, NM: less expensive homes
- Relief, KY: higher priced homes
- Monterey, AR: less expensive homes
- Merrimac, IL: higher priced homes
- Merrickville, NY: higher priced homes
- Melbourne, WA: higher priced homes
- McKnight, OK: higher priced homes
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