The Most Affordable Neighborhoods in Lone Elm, MO by Home Value

 

Lone Elm, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lone Elm area can be challenging. Home prices in Lone Elm are now at a median cost of $170,800, lower than the Missouri average of $194,908.

The average cost of rent is $700/mo in Lone Elm, primarily driven by the current value of real estate in the Lone Elm area. While nearly 45.81% of residents own their homes outright in Lone Elm, 16.89% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lone Elm is $6,183 per month. Households that rent pay about 11.32% of their income on rent here. Lone Elm's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.


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