Home prices
Elmwood's median home value is $209,800. It is roughly $29,900 (16%) higher compared to nearby areas.It is approximately $7,700 (3%) lower compared to the rest of the country, and in comparison to the city of New Orleans is roughly $21,700 (9%) lower.
Rents
The median rent in Elmwood is $1,226 per month. This is about $235 (23%) higher in comparison to its surrounding areas.Compared to the US as a whole it is approximately $164 (15%) higher, and it is about $228 (22%) higher in comparison to the city of New Orleans.
Nearby places
Harahan
Harahan is Elmwood's neighbor to the southwest. The real estate prices there are a bit more expensive. The median home in Harahan is valued at $240,300, which works out to $30,500 (12%) higher than Elmwood. Rents there are a bit less expensive. The median rent in Harahan is $1,063 a month, which is $163 (15%) lower than Elmwood.
Jefferson
Jefferson is Elmwood's neighbor to the east. The housing prices there are a bit less expensive. Jefferson's median home cost is $185,600, which works out to $24,200 (13%) lower than Elmwood. Rent there is substantially less expensive. Jefferson's median monthly rent is $919, which is $307 (33%) lower than Elmwood.
Bridge City
Bridge City is Elmwood's neighbor to the southeast. Real estate prices there are a lot less expensive. The price of the median home in Bridge City is $95,500, which works out to $114,300 (119%) lower than Elmwood. Rents there are a lot less expensive. The median rent in Bridge City is $928 a month, which works out to $298 (32%) lower than Elmwood.
River Ridge
River Ridge is about 1 mile west of Elmwood. Its real estate prices are somewhat more expensive. The median home cost in River Ridge is $265,300, which comes out to $55,500 (20%) higher than Elmwood. Rents there are a lot less expensive. River Ridge's median rent is $927 a month, which works out to $299 (32%) lower than Elmwood.
Waggaman
Waggaman is roughly 2 miles southwest of Elmwood. Real estate prices there are a lot less expensive. The median home value in Waggaman is $112,800, which comes out to $97,000 (85%) lower than Elmwood. Its rents are a little less expensive. In Waggaman the median monthly rent is $1,117, which works out to $109 (9%) lower than Elmwood.
