Home Price Key
Affordable
Average
Expensive
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 $188,585, lower than the Delaware average of $282,938.
The average cost of rent is $1,207/mo in Elsmere, primarily driven by the current value of real estate in the Elsmere area. While nearly 27.18% of residents own their homes outright in Elsmere, 32.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elsmere is $5,656 per month. Households that rent pay about 21.34% of their income on rent here. Elsmere's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Wilmington, DE: higher priced homes
- Newport, DE: higher priced homes
- Wilmington Manor, DE: equally priced homes
- Rockland, DE: higher priced homes
- Winterthur, DE: higher priced homes
- Edgemoor, DE: higher priced homes
- New Castle, DE: equally 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: equally 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: equally priced homes
- Edna, TX: less expensive homes
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