Similar to its nearby areas, it's a lot more expensive compared to the entire nation. Compared to the city of New York however, it's significantly less expensive.
Home prices
The median home cost in Elmwood Park is $362,700. Compared to its surrounding areas this is roughly $8,920 (2%) higher.It is approximately $145,200 (66%) higher compared to the entire nation, and is roughly $243,300 (40%) lower in comparison to the city of New York.
Rents
Elmwood Park's median monthly rent is $1,660. In comparison to the surrounding areas this is about $254 (18%) higher.In comparison to the entire country it is roughly $598 (56%) higher, and compared to the city of New York it is roughly $217 (15%) higher.
Nearby places
Garfield
Garfield is Elmwood Park's neighbor to the south. Its housing prices are a little less expensive. Garfield's median home price is $338,400, which works out to $24,300 (7%) lower than Elmwood Park. Its rents are somewhat less expensive. Garfield's median monthly rent is $1,326, which works out to $334 (25%) lower than Elmwood Park.
Paterson
Paterson is Elmwood Park's neighbor to the west. Housing prices there are significantly less expensive. The median home in Paterson is valued at $244,200, which works out to $118,500 (48%) lower than Elmwood Park. Its rents are substantially less expensive. Paterson's median monthly rent is $1,193, which comes out to $467 (39%) lower than Elmwood Park.
Fair Lawn
Fair Lawn is Elmwood Park's neighbor to the north. The housing prices there are a bit more expensive. The price of the median home in Fair Lawn is $424,000, which works out to $61,300 (14%) higher than Elmwood Park. Its rents are a bit less expensive. The median monthly rent in Fair Lawn is $1,560, which comes out to $100 (6%) lower than Elmwood Park.
Lodi
Lodi is approximately 2 miles southeast of Elmwood Park. Its real estate prices are similar. Lodi's median home cost is $373,000, which works out to $10,300 (2%) higher than Elmwood Park. Rents there are somewhat less expensive. In Lodi the median monthly rent is $1,348, which works out to $312 (23%) lower than Elmwood Park.
Maywood
Maywood is approximately 2 miles east from Elmwood Park. The housing prices there are a little more expensive. The median home in Maywood is valued at $389,300, which comes out to $26,600 (6%) higher than Elmwood Park. Rent there is similar. In Maywood the median monthly rent is $1,601, which comes out to $59 (3%) lower than Elmwood Park.
