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These days, finding an affordable place to live in the Lake Elmore area can be challenging. Home prices in Lake Elmore are now at a median cost of $268,772, lower than the Vermont average of $340,025.
The average cost of rent is $1,152/mo in Lake Elmore, primarily driven by the current value of real estate in the Lake Elmore area. In Lake Elmore, 20.62% of households rent, and 35.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Elmore is $6,264 per month. Households that rent pay about 18.40% of their income on rent here. Lake Elmore’s most expensive areas are in the western 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
- Cleveland Corner, VT: higher priced homes
- Morrisville, VT: higher priced homes
- Wolcott, VT: equally priced homes
- Pottersville, VT: less expensive homes
- Hyde Park, VT: less expensive homes
- Woodbury, VT: higher priced homes
- Hardwick Center, VT: less expensive homes
- Hardwick, VT: less expensive homes
- Stowe, VT: higher priced homes
- Calais, VT: higher priced homes
Cities with Similar Populations
- Shelbyville, MO: less expensive homes
- Idlewild, MI: less expensive homes
- Ingleside, NC: less expensive homes
- Jacksonville, VT: equally priced homes
- Jamestown, MS: less expensive homes
- San Luis, CO: less expensive homes
- Santan, AZ: higher priced homes
- Saulsbury, WV: less expensive homes
- Savannah, OH: less expensive homes
- Savoonga, AK: less expensive homes
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