Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the Elo area can be challenging. Home prices in Elo are now at a median cost of $193,893, lower than the Michigan average of $250,415.
The average cost of rent is $891/mo in Elo, primarily driven by the current value of real estate in the Elo area. In Elo, 12.08% of households rent, and 55.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elo is $5,824 per month. Households that rent pay about 15.29% of their income on rent here. Elo’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arnheim, MI: less expensive homes
- Tapiola, MI: equally priced homes
- Pelkie, MI: less expensive homes
- Keweenaw Bay, MI: less expensive homes
- Klingville, MI: less expensive homes
- Twin Lakes, MI: higher priced homes
- Baraga, MI: less expensive homes
- Chassell, MI: equally priced homes
- White, MI: less expensive homes
- Painesdale, MI: less expensive homes
Cities with Similar Populations
- Cortland, IN: equally priced homes
- Windham, VT: higher priced homes
- Collingwood Park, NJ: higher priced homes
- Coloma, MO: less expensive homes
- Columbia Center, NY: equally priced homes
- Columbia Heights, LA: less expensive homes
- Wilmore, KS: less expensive homes
- Willisville, AR: less expensive homes
- Willis Wharf, VA: less expensive homes
- Williana, LA: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood