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Affordable
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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 $127,347, lower than the West Virginia average of $177,366.
The average cost of rent is $815/mo in Elmwood, primarily driven by the current value of real estate in the Elmwood area. In Elmwood, 10.12% of households rent, and 49.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elmwood is $5,696 per month. Households that rent pay about 14.31% of their income on rent here. Elmwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Capehart, WV: equally priced homes
- Young, WV: higher priced homes
- Gunville, WV: equally priced homes
- Extra, WV: higher priced homes
- Parchment Valley, WV: higher priced homes
- Leon, WV: equally priced homes
- Waterloo, WV: less expensive homes
- Given, WV: higher priced homes
- Liberty, WV: higher priced homes
- Evans, WV: higher priced homes
Cities with Similar Populations
- Cotton Town, AR: equally priced homes
- Comer, IL: higher priced homes
- Communia, IA: higher priced homes
- Willowbrook, KS: higher priced homes
- Consul, AL: less expensive homes
- Willow, IL: higher priced homes
- Cool Springs, KY: equally priced homes
- Copeland, VA: less expensive homes
- Cordes Junction, AZ: higher priced homes
- Cordova, KY: higher priced homes
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