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Affordable
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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 $389,293, higher than the Illinois average of $300,242.
The average cost of rent is $1,436/mo in Elmwood Park, primarily driven by the current value of real estate in the Elmwood Park area. In Elmwood Park, 34.44% of households rent, and 40.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood Park is $7,346 per month. Households that rent pay about 19.55% of their income on rent here. Elmwood Park’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- River Grove, IL: less expensive homes
- River Forest, IL: higher priced homes
- Oak Park, IL: higher priced homes
- Norridge, IL: equally priced homes
- Harwood Heights, IL: less expensive homes
- Melrose Park, IL: less expensive homes
- Forest Park, IL: less expensive homes
- Franklin Park, IL: less expensive homes
- Maywood, IL: less expensive homes
- Schiller Park, IL: less expensive homes
Cities with Similar Populations
- Meadow Woods, FL: equally priced homes
- Woonsocket, RI: less expensive homes
- Winder, GA: less expensive homes
- West Bend, WI: less expensive homes
- Wentzville, MO: less expensive homes
- Vestavia Hills, AL: higher priced homes
- North Atlanta, GA: higher priced homes
- Moline, IL: less expensive homes
- Leominster, MA: equally priced homes
- Hamtramck, MI: less expensive homes
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