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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 $166,501, lower than the Michigan average of $250,415.
The average cost of rent is $1,044/mo in St. Elmo, primarily driven by the current value of real estate in the St. Elmo area. In St. Elmo, 11.56% of households rent, and 43.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Elmo is $4,737 per month. Households that rent pay about 22.03% of their income on rent here. St. Elmo’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Bradley, MI: equally priced homes
- Sanford, MI: higher priced homes
- Bullock Creek, MI: higher priced homes
- Ryan, MI: equally priced homes
- Wheeler, MI: less expensive homes
- Breckenridge, MI: less expensive homes
- Poseyville, MI: higher priced homes
- Midland, MI: higher priced homes
- Delwin, MI: less expensive homes
- Shepherd, MI: equally priced homes
Cities with Similar Populations
- Allison, IA: less expensive homes
- Ama, LA: higher priced homes
- Amity, PA: higher priced homes
- Angels Camp, CA: higher priced homes
- Arcadia, MO: equally priced homes
- Armuchee, GA: higher priced homes
- Aurora, NC: less expensive homes
- Axis, AL: higher priced homes
- Axtell, NE: higher priced homes
- Barneveld, NY: higher priced homes
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