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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Elmwood Place, OH Housing Affordability Index

Elmwood Place, Ohio has an MBR Housing Affordability Index score of 170.9 (Highly Affordable) as of October 30, 2026, ranking 191st most affordable of 981 scored Ohio cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $69,900 home with 20% down, the Ohio average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $383, or 10% of the city’s $44,692 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elmwood Place is updated every night from live Ohio mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Elmwood Place MBR-HAI 170.9 Highly Affordable
Rank in Ohio 191 of 981 1 = most affordable
Ohio 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Ohio lenders
Median home value $69,900 U.S. Census Bureau

Elmwood Place is 58.8 points above the Ohio score. Scores as of October 30, 2026. See the Ohio index

View Elmwood Place Mortgage Rates

What It Takes to Buy in Elmwood Place

$383/mo
Principal & Interest
Median home, 20% down, 7.29%
$16,400
Income Needed
To keep the payment at 28% of income
$44,692
Median Household Income
Ohio: $71,389
1.6x
Price-to-Income Ratio
Ohio: 3.0x
$1,006/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,532/yr
Median Property Tax
2.19% of median value
20.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Elmwood Place, Ohio. The rate is the Ohio average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Elmwood Place Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elmwood Place, Ohio score: 170.9 (Highly Affordable), ranked 191 of 981 Ohio cities. monitorbankrates.com/housing-affordability-index/ohio/elmwood-place”