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What income do you need to buy in Elmwood?
About $45,000 a year to buy the typical Elmwood home, which sells for about $127,000.
- Typical sale price
- $127,000Median of 152 sales in the past 12 months
- Income needed
- $45,000A year, before taxes
- Cash needed up front
- $18,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $797 |
|---|---|
| Property tax | $159 |
| Insurance | $53 |
| Mortgage insurance | $48 |
| Total a month | $1,057 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Up 2.4% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $120,000 | 28 |
| Q2 2025 | $110,000 | 45 |
| Q3 2025 | $121,650 | 38 |
| Q4 2025 | $127,500 | 38 |
| Q1 2026 | $105,000 | 51 |
| Q2 2026 | $136,250 | 44 |
| Q3 2026 | $142,500 | 24 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Paschall $110,000
- Kingsessing $123,000
- Bartram Village $107,000
Pricier nearby
Questions about buying in Elmwood
What income do you need to buy a home in Elmwood?
About $45,000 a year for the typical Elmwood price of $127,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Elmwood?
About $18,000 up front at the typical price: 10% down ($13,000), your share of the transfer tax ($2,901) and closing costs ($2,535).
What does a typical home in Elmwood cost per month?
A typical Elmwood home costs about $1,057 a month all in: principal and interest $797, property tax $159, insurance $53, mortgage insurance $48. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 152 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.