Home Price Key
Affordable
Average
Expensive
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 $286,888, lower than the Providence average of $332,634.
The average cost of rent is $922/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. While nearly 41.07% of residents own their homes outright in Elmwood, 64.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $3,220 per month. Households that rent pay about 28.64% of their income on rent here. Elmwood's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Wayland, Providence, RI: higher priced homes
- Lower South Providence, Providence, RI: less expensive homes
- Upper South Providence, Providence, RI: less expensive homes
- Reservoir, Providence, RI: less expensive homes
- West End, Providence, RI: less expensive homes
- Washington Park, Providence, RI: less expensive homes
- South Elmwood, Providence, RI: less expensive homes
- Federal Hill, Providence, RI: less expensive homes
- Downtown, Providence, RI: higher priced homes
- Edgewood, Cranston, RI: equally 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: less expensive homes
- Madisonville, Cincinnati, OH: less expensive homes
- Larkspur, Bend, OR: higher priced homes
- Idle Hour, Lexington, KY: less expensive homes
All Local Stats
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