Home prices
The median home in Elmwood Park is valued at $258,000. It is approximately $76,760 (22%) lower in comparison to its surrounding areas.Compared to the nation as a whole it is about $40,500 (18%) higher, and is is very similar in comparison to the city of Chicago.
Rents
Elmwood Park's median rent is $1,120 per month. It is approximately $23 (2%) higher compared to other places in this area.It is approximately $58 (5%) higher compared to the entire nation, and in comparison to the city of Chicago it is is very similar.
Nearby places
River Grove
River Grove is Elmwood Park's neighbor to the west. The housing prices there are a little less expensive. The median home in River Grove is valued at $211,200, which is $46,800 (22%) lower than Elmwood Park. Its rents are a bit less expensive. The median rent in River Grove is $972 per month, which works out to $148 (15%) lower than Elmwood Park.
River Forest
River Forest is Elmwood Park's neighbor to the south. Its real estate prices are a lot more expensive. The value of the median home in River Forest is $596,900, which works out to $338,900 (56%) higher than Elmwood Park. The rent there is similar. River Forest's median rent is $1,143 a month, which is $23 (2%) higher than Elmwood Park.
Oak Park
Oak Park is Elmwood Park's neighbor to the southeast. Its housing prices are significantly more expensive. The median home in Oak Park costs $387,300, which works out to $129,300 (33%) higher than Elmwood Park. Rents there are pretty similar. In Oak Park the median monthly rent is $1,175, which comes out to $55 (4%) higher than Elmwood Park.
Melrose Park
Melrose Park is about 2 miles southwest of Elmwood Park. Housing prices there are a lot less expensive. The median home in Melrose Park costs $192,000, which comes out to $66,000 (34%) lower than Elmwood Park. Rents there are a little less expensive. In Melrose Park the median monthly rent is $995, which is $125 (12%) lower than Elmwood Park.
Norridge
Norridge is about 2 miles north of Elmwood Park. The housing prices there are a bit more expensive. The cost of the median home in Norridge is $286,400, which is $28,400 (9%) higher than Elmwood Park. The rent there is a bit more expensive. In Norridge the median monthly rent is $1,199, which works out to $79 (6%) higher than Elmwood Park.
