Expensive
Affordable
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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 $851,541, higher than the Colorado average of $579,698.
The average cost of rent is $2,339/mo in St. Elmo, primarily driven by the current value of real estate in the St. Elmo area. In St. Elmo, 1.80% of households rent, and 57.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Elmo is $8,421 per month. Households that rent pay about 27.78% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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