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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 $221,255, lower than the Nebraska average of $252,353.
The average cost of rent is $749/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 11.53% of households rent, and 43.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $7,195 per month. Households that rent pay about 10.40% of their income on rent here. Elmwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wabash, NE: higher priced homes
- Alvo, NE: higher priced homes
- Murdock, NE: higher priced homes
- Eagle, NE: higher priced homes
- Avoca, NE: higher priced homes
- Weeping Water, NE: less expensive homes
- Manley, NE: higher priced homes
- Unadilla, NE: equally priced homes
- Palmyra, NE: equally priced homes
- Prairie Home, NE: higher priced homes
Cities with Similar Populations
- Poughkeepsie, AR: equally priced homes
- Hooker, CA: higher priced homes
- Howlandsburg, MI: higher priced homes
- Lake Dalecarlia, IN: higher priced homes
- Lancaster, MO: less expensive homes
- Leary, GA: less expensive homes
- Owyhee, NV: less expensive homes
- Patmos, OH: equally priced homes
- Pine Mountain Valley, GA: equally priced homes
- Hillje, TX: equally priced homes
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