
Home Price Key
These days, finding an affordable place to live in the St. Elmo area can be challenging. Home prices in St. Elmo are now at a median cost of $595,352, higher than the Colorado average of $430,259.
The average cost of rent is $919/mo in St. Elmo, primarily driven by the current value of real estate in the St. Elmo area. While nearly 64.65% of residents own their homes outright in St. Elmo, 1.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in St. Elmo is $7,119 per month. Households that rent pay about 12.91% of their income on rent here. St. Elmo's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
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