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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 $474,800, lower than the New Jersey average of $496,577.
The average cost of rent is $2,080/mo in Elmwood Park, primarily driven by the current value of real estate in the Elmwood Park area. In Elmwood Park, 42.69% of households rent, and 43.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood Park is $8,560 per month. Households that rent pay about 24.30% of their income on rent here. Elmwood Park’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Saddle Brook, NJ: higher priced homes
- Fair Lawn, NJ: higher priced homes
- Garfield, NJ: equally priced homes
- Rochelle Park, NJ: higher priced homes
- Paterson, NJ: less expensive homes
- Lodi, NJ: equally priced homes
- Maywood, NJ: higher priced homes
- Clifton, NJ: equally priced homes
- Passaic, NJ: less expensive homes
- Prospect Park, NJ: less expensive homes
Cities with Similar Populations
- Nogueras, PR: less expensive homes
- Pleasantville, NJ: less expensive homes
- Pleasant Prairie, WI: less expensive homes
- Pittsboro, NC: equally priced homes
- Pinole, CA: higher priced homes
- Northdale, FL: less expensive homes
- North Plainfield, NJ: less expensive homes
- North Myrtle Beach, SC: less expensive homes
- North Liberty, IA: less expensive homes
- Portland, TN: less expensive homes
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