Home prices
The median home in Elma costs $59,800. Compared to the surrounding areas this is approximately $30,540 (33%) lower.In comparison to the entire country it is approximately $157,700 (72%) lower, and it is approximately $140,300 (70%) lower in comparison to the city of Rochester.
Rents
In Elma the median monthly rent is $575. Compared to its surrounding areas it is approximately $29 (4%) lower.It is about $487 (45%) lower compared to the United States as a whole, and is approximately $399 (40%) lower compared to the city of Rochester.
Nearby places
Alta Vista
Alta Vista is about 3 miles south from Elma. The real estate prices there are pretty similar. The median home in Alta Vista costs $62,900, which is $3,100 (4%) higher than Elma. Rent there is a bit more expensive. Alta Vista's median monthly rent is $619, which comes out to $44 (7%) higher than Elma.
North Washington
North Washington is about 8 miles south from Elma. Real estate prices there are significantly more expensive. The price of the median home in North Washington is $125,000, which works out to $65,200 (52%) higher than Elma. Rent there is somewhat more expensive. In North Washington the median monthly rent is $635, which works out to $60 (9%) higher than Elma.
Riceville
Riceville is roughly 8 miles northwest from Elma. The housing prices there are a little more expensive. The cost of the median home in Riceville is $76,500, which works out to $16,700 (21%) higher than Elma. Its rents are a little more expensive. In Riceville the median monthly rent is $613, which is $38 (6%) higher than Elma.
New Hampton
New Hampton is about 13 miles southeast of Elma. The real estate prices there are significantly more expensive. The median home in New Hampton costs $107,100, which comes out to $47,300 (44%) higher than Elma. Its rents are a bit more expensive. In New Hampton the median monthly rent is $707, which comes out to $132 (18%) higher than Elma.
Ionia
Ionia is roughly 13 miles south from Elma. Real estate prices there are a little more expensive. The median home in Ionia is valued at $80,200, which is $20,400 (25%) higher than Elma. Its rents are somewhat less expensive. The median monthly rent in Ionia is $444, which comes out to $131 (29%) lower than Elma.
