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Affordable
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These days, finding an affordable place to live in the Elsmere area can be challenging. Home prices in Elsmere are now at a median cost of $223,366, lower than the Delaware average of $361,617.
The average cost of rent is $1,331/mo in Elsmere, primarily driven by the current value of real estate in the Elsmere area. In Elsmere, 32.46% of households rent, and 30.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elsmere is $5,760 per month. Households that rent pay about 23.11% of their income on rent here. Elsmere’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilmington, DE: higher priced homes
- Newport, DE: equally priced homes
- Wilmington Manor, DE: higher priced homes
- Rockland, DE: higher priced homes
- Winterthur, DE: higher priced homes
- Edgemoor, DE: higher priced homes
- New Castle, DE: higher priced homes
- Bellefonte, DE: higher priced homes
- Hockessin, DE: higher priced homes
- Yorklyn, DE: higher priced homes
Cities with Similar Populations
- Caldwell, OH: less expensive homes
- Boxford, MA: higher priced homes
- Garrett, IN: less expensive homes
- Brewerton, NY: higher priced homes
- Brigantine, NJ: higher priced homes
- Bryans Road, MD: higher priced homes
- Bryson City, NC: equally priced homes
- Buena Vista, VA: less expensive homes
- Elberta, AL: higher priced homes
- Edna, TX: less expensive homes
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