The Most Affordable Neighborhoods in Lake Elmore, VT by Home Value

 

Lake Elmore, VT Map of Most Affordable Neighborhoods
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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 $229,066, lower than the Vermont average of $260,894.

The average cost of rent is $882/mo in Lake Elmore, primarily driven by the current value of real estate in the Lake Elmore area. While nearly 32.55% of residents own their homes outright in Lake Elmore, 19.58% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake Elmore is $5,659 per month. Households that rent pay about 15.58% of their income on rent here. Lake Elmore's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.


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