The Most Affordable Neighborhoods in South Elm, TX by Home Value

 

South Elm, TX Map of Most Affordable Neighborhoods
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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 $204,613, lower than the Texas average of $322,096.

The average cost of rent is $704/mo in South Elm, primarily driven by the current value of real estate in the South Elm area. In South Elm, 14.79% of households rent, and 65.74% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in South Elm is $4,989 per month. Households that rent pay about 14.11% of their income on rent here. South Elm’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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