Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Elmwood Park area can be challenging. Home prices in Elmwood Park are now at a median cost of $166,009, lower than the Detroit average of $268,120.
The average cost of rent is $948/mo in Elmwood Park, primarily driven by the current value of real estate in the Elmwood Park area. In Elmwood Park, 84.10% of households rent, and 54.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood Park is $2,573 per month. Households that rent pay about 36.83% of their income on rent here. Elmwood Park’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Lafayette Park, Detroit, MI: higher priced homes
- Islandview, Detroit, MI: higher priced homes
- Downtown Detroit, Detroit, MI: higher priced homes
- Midtown-Detroit, Detroit, MI: higher priced homes
- Kettering-Butzel, Detroit, MI: less expensive homes
- Wayne State, Detroit, MI: higher priced homes
- St Jean, Detroit, MI: less expensive homes
- Chene, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: higher priced homes
- New Center, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
- Inverness, Hoover, AL: higher priced homes
- Russell, Louisville, KY: less expensive homes
- North Brookline, Brookline, MA: higher priced homes
- Mt Vernon, Mount Vernon, VA: higher priced homes
- Mission Viejo, Aurora, CO: higher priced homes
- Meydenbauer, Bellevue, WA: higher priced homes
- Memorial Parkway, Katy, TX: higher priced homes
- Memorial Northwest, Spring, TX: higher priced homes
- Linda Vista-San Francisco, Napa, CA: higher priced homes
- Lincoln Park, Denver, CO: higher priced homes
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