This Halloween, home buyers can find a bargain in many cities by shopping on their local Elm Street… if they dare. Nationwide, the median house on Elm Street is worth about $133,000 or roughly 40 percent less than the median U.S. home.
This Halloween, home buyers can find a bargain in many cities by shopping on their local Elm Street… if they dare.
Nationwide, the median house on Elm Street is worth about $133,000 or roughly 40 percent less than the median U.S. home, estimated to be worth $220,100 as of September 2018. Such bargains on Elm Street can be found around the country, from Dunedin, Fla., to Bellingham, Wash. Nationwide, 2,246 cities have at least 10 homes on Elm Streets or directional variations like North Elm Street.
Looking more closely at how Freddy’s neighbors stack up to adjoining streets, we found that Elm Street homes are worth only about 12 percent less than the median home in their ZIP codes — although 6 percent less per square foot.
The ten cities with the most expensive Elm Streets can be found from Massachusetts to California:
| City | Number of Elm Street Homes | Median Value of Elm Street Homes | Zillow Home Value Index (ZHVI) | Elm Street Premium (%) |
|---|---|---|---|---|
| Menlo Park, Calif. | 10 | $2.65 million | $2.46 million | 7.6 |
| Southampton, N.Y. | 47 | $2.26 million | $1.55 million | 45.7 |
| Greenwood Village, Colo. | 13 | $1.79 million | $962,800 | 86.4 |
| Wellesley, Mass. | 25 | $1.62 million | $1.27 million | 27.1 |
| Chevy Chase, Md. | 25 | $1.57 million | $944,100 | 65.9 |
| San Carlos, Calif. | 311 | $1.53 million | $1.94 million | -20.7 |
| Brookline, Mass. | 18 | $1.39 million | $921,000 | 51.3 |
| San Francisco, Calif. | 30 | $1.26 million | $1.37 million | -8.5 |
| Hinsdale, Ill. | 158 | $1.2 million | $910,800 | 32.0 |
| Burr Ridge, Ill. | 33 | $1.18 million | $553,000 | 113.9 |
Conshohocken, Pa., is the city where you’re most likely to stumble on an Elm Street home while browsing Zillow: More than 10 percent of Zillow properties there are on either West or East Elm Streets, near the city’s border along the Schuylkill River.
Check out the map below of every city with at least 50 Elm Street properties to see if you can find a bargain to be Freddy’s neighbor in a nearby town:
