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Affordable
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These days, finding an affordable place to live in the New Elm area can be challenging. Home prices in New Elm are now at a median cost of $113,981, lower than the Georgia average of $324,634.
The average cost of rent is $826/mo in New Elm, primarily driven by the current value of real estate in the New Elm area. In New Elm, 23.98% of households rent, and 62.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Elm is $5,596 per month. Households that rent pay about 14.76% of their income on rent here. New Elm’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Schley, GA: higher priced homes
- Doerun, GA: higher priced homes
- Minnesota, GA: higher priced homes
- Crosland, GA: less expensive homes
- Norman Park, GA: less expensive homes
- Sigsbee, GA: higher priced homes
- Moultrie, GA: higher priced homes
- South Moultrie, GA: higher priced homes
- Funston, GA: higher priced homes
- Ticknor, GA: less expensive homes
Cities with Similar Populations
- Whitesville, GA: higher priced homes
- Brush Creek, TN: higher priced homes
- Buie, NC: equally priced homes
- Burghill, OH: higher priced homes
- Burnside, MS: higher priced homes
- Bussey, IA: equally priced homes
- Cabin Creek, WV: less expensive homes
- Camargo, IL: higher priced homes
- Canaan Center, NH: higher priced homes
- West Topsham, VT: higher priced homes
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