The Most Affordable Neighborhoods in Elmwood Area, Abilene, TX by Home Value

 

Elmwood Area, Abilene, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elmwood Area area can be challenging. Home prices in Elmwood Area are now at a median cost of $121,448, lower than the Abilene average of $156,080.

The average cost of rent is $1,026/mo in Elmwood Area, primarily driven by the current value of real estate in the Elmwood Area area. While nearly 46.33% of residents own their homes outright in Elmwood Area, 44.76% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elmwood Area is $4,778 per month. Households that rent pay about 21.47% of their income on rent here. Elmwood Area's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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