South Elmwood First-Time Homebuyer Report for October

The population of South Elmwood ranks as the second-youngest in Providence with a median age of 34 years. It also ranks as the second- most affluent neighborhood with a median income of $46,741 per household. The South Elmwood market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best school in the neighborhood is Classical High School.

Price Range

Some of the least expensive homes in Providence are in South Elmwood with a median home value of $164,458, while the list prices of available homes is currently at an average of $169,316. Sales numbers in the South Elmwood market remain the same with one homes over the last 30 days and the market still shows a budding trend downward overall.

Wonder which homes are generating the most buzz? Here are the most viewed listings in South Elmwood:

$239K   $164K  

Typical Dwelling

A three-bedroom detached home valued around $157,780 is considered a typical dwelling in South Elmwood. If a buyer was looking for a similar home, they would need good credit and a $31,556 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $960 and the property tax rate is $19.05 per $1,000 of taxable assessed value.

Get started right now by checking out South Elmwood homes for sale or reviewing South Elmwood real estate trends.

Data reported through 10/13/2016


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