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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 $155,377, lower than the Oklahoma average of $210,566.
The average cost of rent is $892/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 13.82% of households rent, and 73.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $4,716 per month. Households that rent pay about 18.91% of their income on rent here. Elmwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Knowles, OK: equally priced homes
- Balko, OK: less expensive homes
- Clear Lake, OK: higher priced homes
- Logan, OK: higher priced homes
- Gray, OK: less expensive homes
- Slapout, OK: higher priced homes
- Adams, OK: less expensive homes
- Laverne, OK: less expensive homes
- May, OK: less expensive homes
- Hardesty, OK: equally priced homes
Cities with Similar Populations
- El Mirage, CA: higher priced homes
- Speed, KS: less expensive homes
- Sparksville, IN: less expensive homes
- Spafford, NY: higher priced homes
- South Stoddard, NH: higher priced homes
- South Monson, MA: higher priced homes
- South Haleyville, AL: less expensive homes
- South Chili, NY: higher priced homes
- Esterbrook, WY: higher priced homes
- Elmdale, KS: equally priced homes
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