Affordable
Expensive
Expensive
Colorblind friendly
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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 $190,715, lower than the New Orleans average of $308,345.
The average cost of rent is $1,520/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 85.85% of households rent, and 35.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $6,348 per month. Households that rent pay about 23.94% 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 neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Leonidas, New Orleans, LA: higher priced homes
- East Carollton, New Orleans, LA: higher priced homes
- Holly Grove, New Orleans, LA: higher priced homes
- Lakewood, New Orleans, LA: higher priced homes
- Audubon, New Orleans, LA: higher priced homes
- Marlyville, New Orleans, LA: higher priced homes
- Gert Town, New Orleans, LA: higher priced homes
- Broadmoor, New Orleans, LA: higher priced homes
- West End, New Orleans, LA: higher priced homes
- West Riverside, New Orleans, LA: higher priced homes
Neighborhoods with Similar Populations
- Sunshine Gardens, South San Francisco, CA: higher priced homes
- Fairmont Park, Des Moines, IA: less expensive homes
- Firthtown, Phillipsburg, NJ: less expensive homes
- Fishkorn, Detroit, MI: less expensive homes
- Five Points, Great Lakes, IL: higher priced homes
- Hamden Plains, Hamden, CT: higher priced homes
- Hampden South, Denver, CO: higher priced homes
- Heller Park, Tulsa, OK: higher priced homes
- Hickory Grove, Charlotte, NC: higher priced homes
- Hunters Green, Tampa, FL: higher priced homes
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