Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the South Elmwood area can be challenging. Home prices in South Elmwood are now at a median cost of $305,878, lower than the Providence average of $443,229.
The average cost of rent is $1,728/mo in South Elmwood, primarily driven by the current value of real estate in the South Elmwood area. In South Elmwood, 49.59% of households rent, and 20.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Elmwood is $7,565 per month. Households that rent pay about 22.84% of their income on rent here. South Elmwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Edgewood, Cranston, RI: higher priced homes
- Washington Park, Providence, RI: higher priced homes
- Reservoir, Providence, RI: higher priced homes
- Auburn, Cranston, RI: higher priced homes
- Elmwood, Providence, RI: higher priced homes
- Lower South Providence, Providence, RI: higher priced homes
- Lakewood, Warwick, RI: equally priced homes
- Wayland, Providence, RI: higher priced homes
- Upper South Providence, Providence, RI: higher priced homes
- Garden City, Cranston, RI: higher priced homes
Neighborhoods with Similar Populations
- San Jose Forest, Jacksonville, FL: higher priced homes
- O'Fallon, St. Louis, MO: less expensive homes
- West Sharyland, Mission, TX: less expensive homes
- Woodlands at Fiore, Buffalo Grove, IL: higher priced homes
- South Park, Des Moines, IA: less expensive homes
- Pine Brook, Camp Hill, PA: higher priced homes
- Arlington, Birmingham, AL: less expensive homes
- St Denis, Catonsville, MD: higher priced homes
- Kevanna Park, Vancouver, WA: equally priced homes
- Independence Plaza, Kansas City, MO: less expensive homes
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