Affordable
Expensive
Expensive
Colorblind friendly
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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 $354,176, lower than the Providence average of $443,229.
The average cost of rent is $1,262/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 61.90% of households rent, and 29.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $3,965 per month. Households that rent pay about 31.83% of their income on rent here. Elmwood’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Wayland, Providence, RI: higher priced homes
- Lower South Providence, Providence, RI: equally priced homes
- Upper South Providence, Providence, RI: higher priced homes
- Reservoir, Providence, RI: equally priced homes
- West End, Providence, RI: higher priced homes
- Washington Park, Providence, RI: equally priced homes
- South Elmwood, Providence, RI: less expensive homes
- Federal Hill, Providence, RI: equally priced homes
- Downtown, Providence, RI: higher priced homes
- Edgewood, Cranston, RI: higher priced homes
Neighborhoods with Similar Populations
- Serrano Village, El Dorado Hills, CA: higher priced homes
- Devon-Walnut Beach, Milford, CT: higher priced homes
- Interbay, Seattle, WA: higher priced homes
- Sexton Mountain, Beaverton, OR: higher priced homes
- Sherwood-Tualatin North, Sherwood, OR: higher priced homes
- Norteast Citizens Action, Grand Rapids, MI: less expensive homes
- Mount Pleasant, Providence, RI: equally priced homes
- Madisonville, Cincinnati, OH: less expensive homes
- Larkspur, Bend, OR: higher priced homes
- Idle Hour, Lexington, KY: less expensive homes
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