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Affordable
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These days, finding an affordable place to live in the Elmwood area can be challenging. Home prices in Elmwood are now at a median cost of $138,588, lower than the Louisiana average of $235,139.
The average cost of rent is $1,040/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 21.31% of households rent, and 57.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $5,644 per month. Households that rent pay about 18.43% of their income on rent here. Elmwood’s most expensive areas are in the southeastern 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
- Kurthwood, LA: equally priced homes
- New Llano, LA: equally priced homes
- Fort Polk South, LA: higher priced homes
- Sandy Hill, LA: less expensive homes
- Leesville, LA: higher priced homes
- Rosepine, LA: higher priced homes
- Caney, LA: higher priced homes
- Fullerton, LA: higher priced homes
- Fort Polk North, LA: higher priced homes
- Evans, LA: higher priced homes
Cities with Similar Populations
- Mount Carbon, IL: equally priced homes
- Oliver, GA: higher priced homes
- North Milford, MA: higher priced homes
- North Bristol, WI: higher priced homes
- New Jerusalem, PA: higher priced homes
- New Berlinville, PA: higher priced homes
- Neosho Rapids, KS: higher priced homes
- Nenana, AK: higher priced homes
- Negangards Corner, IN: higher priced homes
- Mystic Grove, MA: higher priced homes
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