Home Price Key
Affordable
Average
Expensive
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 $164,220, lower than the New Orleans average of $247,441.
The average cost of rent is $1,290/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. While nearly 42.94% of residents own their homes outright in Elmwood, 80.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $5,706 per month. Households that rent pay about 22.61% of their income on rent here. Elmwood's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Leonidas, New Orleans, LA: higher priced homes
- East Carollton, New Orleans, LA: higher priced homes
- Holly Grove, New Orleans, LA: equally 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: equally 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: less expensive homes
- Hickory Grove, Charlotte, NC: higher priced homes
- Hunters Green, Tampa, FL: higher priced homes
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