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 $152,092, lower than the Tennessee average of $218,916.
The average cost of rent is $688/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. While nearly 54.15% of residents own their homes outright in Elmwood, 19.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $4,918 per month. Households that rent pay about 13.98% of their income on rent here. Elmwood's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Chestnut Mound, TN: equally priced homes
- McClures Bend, TN: equally priced homes
- Kempville, TN: higher priced homes
- South Carthage, TN: higher priced homes
- Gordonsville, TN: higher priced homes
- Lancaster Hill, TN: higher priced homes
- Carthage, TN: higher priced homes
- Prosperity, TN: higher priced homes
- Hickman, TN: higher priced homes
- Buffalo Valley, TN: higher priced homes
Cities with Similar Populations
- Robins AFB, GA: equally priced homes
- Little River, CA: higher priced homes
- Mars Hill, ME: less expensive homes
- Melbourne, IA: equally priced homes
- Milnor, ND: less expensive homes
- New Bedford, OH: higher priced homes
- Prentice, WI: less expensive homes
- Quincy, OH: less expensive homes
- Reynolds, IN: equally priced homes
- Richland, NE: less expensive homes
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