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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 $191,434, lower than the Kentucky average of $219,615.
The average cost of rent is $1,218/mo in Elsmere, primarily driven by the current value of real estate in the Elsmere area. In Elsmere, 28.22% of households rent, and 33.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elsmere is $5,435 per month. Households that rent pay about 22.41% of their income on rent here. Elsmere’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Erlanger, KY: higher priced homes
- Edgewood, KY: higher priced homes
- Crestview Hills, KY: higher priced homes
- Lakeside Park, KY: higher priced homes
- Florence, KY: higher priced homes
- Fort Mitchell, KY: higher priced homes
- Crescent Springs, KY: higher priced homes
- Villa Hills, KY: higher priced homes
- Independence, KY: higher priced homes
- Fort Wright, KY: higher priced homes
Cities with Similar Populations
- Sutton, MA: higher priced homes
- Connellys Springs, NC: equally priced homes
- Coral Hills, MD: higher priced homes
- Cottage Grove, WI: higher priced homes
- Countryside, VA: higher priced homes
- Coventry, CT: higher priced homes
- Craig, CO: higher priced homes
- Whitsett, NC: higher priced homes
- Woodbury, NY: higher priced homes
- Vashon, WA: higher priced homes
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