Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Elvehjem area can be challenging. Home prices in Elvehjem are now at a median cost of $312,648, lower than the Madison average of $391,127.
The average cost of rent is $1,376/mo in Elvehjem, primarily driven by the current value of real estate in the Elvehjem area. In Elvehjem, 18.23% of households rent, and 29.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elvehjem is $8,776 per month. Households that rent pay about 15.68% of their income on rent here. Elvehjem’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- McClellan Park, Madison, WI: higher priced homes
- Heistand, Madison, WI: equally priced homes
- Glendale, Madison, WI: less expensive homes
- Eastmorland, Madison, WI: equally priced homes
- Ridgewood, Madison, WI: higher priced homes
- Schenk-Atwood-Starkweather-Yahar, Madison, WI: higher priced homes
- Marquette, Madison, WI: higher priced homes
- Bluff Acres, Madison, WI: less expensive homes
- Tenney-Lapham, Madison, WI: higher priced homes
- Sherman, Madison, WI: less expensive homes
Neighborhoods with Similar Populations
- Far North Dallas-Carrollton, Carrollton, TX: higher priced homes
- Gresham-City Central, Gresham, OR: higher priced homes
- University-Syracuse, Syracuse, NY: less expensive homes
- Urbanizacion Toa Alta Hts, Toa Alta, PR: less expensive homes
- Golden Crest, Dunedin, FL: less expensive homes
- Glenwood Meadows, Sacramento, CA: higher priced homes
- Ginter Park, Richmond, VA: higher priced homes
- Garden Springs, Lexington, KY: less expensive homes
- Fruitdale, Wheat Ridge, CO: higher priced homes
- Fort Columbus Airport, Columbus, OH: less expensive homes
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