Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Elm area can be challenging. Home prices in South Elm are now at a median cost of $109,644, lower than the Texas average of $235,268.
The average cost of rent is $671/mo in South Elm, primarily driven by the current value of real estate in the South Elm area. While nearly 70.94% of residents own their homes outright in South Elm, 20.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Elm is $4,066 per month. Households that rent pay about 16.49% of their income on rent here. South Elm's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Buckholts, TX: equally priced homes
- Sharp, TX: higher priced homes
- Vilas, TX: higher priced homes
- Rogers, TX: higher priced homes
- Davilla, TX: higher priced homes
- Pettibone, TX: equally priced homes
- Yarrelton, TX: equally priced homes
- Sparks, TX: higher priced homes
- Meeks, TX: higher priced homes
- Laneport, TX: higher priced homes
Cities with Similar Populations
- North Wilmot, NH: higher priced homes
- New Grenada, PA: less expensive homes
- New London, AR: less expensive homes
- New Market, MO: higher priced homes
- New Offenburg, MO: higher priced homes
- New Rumley, OH: equally priced homes
- New Russia, NY: higher priced homes
- New Salem, IL: less expensive homes
- North Blandford, MA: higher priced homes
- North Cuba, NY: equally priced homes
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