Similar to its nearby areas, it's a lot less expensive compared to the entire nation. However it's a bit less expensive compared to the city of Omaha.
Home prices
The median home price in Elmwood is $125,800. Compared to its nearby areas this is approximately $1,340 (1%) higher.In comparison to the rest of the nation it is roughly $91,700 (42%) lower, and in comparison to the city of Omaha it is approximately $33,900 (21%) lower.
Rents
In Elmwood the median monthly rent is $758. This is approximately $30 (3%) lower in comparison to its surrounding areas.In comparison to the country as a whole it is about $304 (28%) lower, and in comparison to the city of Omaha it is roughly $165 (17%) lower.
Nearby places
Alvo
Alvo is about 4 miles northwest from Elmwood. The real estate prices there are a bit less expensive. The median home in Alvo costs $99,500, which is $26,300 (26%) lower than Elmwood. Rent there is a bit more expensive. Alvo's median monthly rent is $1,031, which is $273 (26%) higher than Elmwood.
Murdock
Murdock is roughly 5 miles north of Elmwood. The housing prices there are pretty similar. The median home in Murdock is valued at $129,200, which comes out to $3,400 (2%) higher than Elmwood. The rent there is fairly similar. In Murdock the median monthly rent is $731, which comes out to $27 (3%) lower than Elmwood.
Eagle
Eagle is roughly 6 miles west from Elmwood. Its housing prices are similar. The median home price in Eagle is $131,400, which works out to $5,600 (4%) higher than Elmwood. The rent there is a bit more expensive. The median rent in Eagle is $868 per month, which is $110 (12%) higher than Elmwood.
Weeping Water
Weeping Water is approximately 7 miles east from Elmwood. Its real estate prices are somewhat more expensive. The median home in Weeping Water costs $133,900, which works out to $8,100 (6%) higher than Elmwood. Rent there is somewhat less expensive. In Weeping Water the median monthly rent is $615, which comes out to $143 (23%) lower than Elmwood.
Manley
Manley is approximately 7 miles northeast of Elmwood. The real estate prices there are pretty similar. The median home price in Manley is $128,300, which comes out to $2,500 (1%) higher than Elmwood. The rent there is a bit less expensive. The median monthly rent in Manley is $694, which comes out to $64 (9%) lower than Elmwood.
