Housing in Elma, IA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$207,259

Elma vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Elma is highlighted.

Median Home Value

8th%ilemost expensive$71,400show rank

Median Rent

13th%ilemost expensive rent$668show rank

Rent Burden

55th%ilehighest rent burden19.3%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$71,400

Median Rent

$668

Total Housing Units

321

Vacancy Rate

14.9%

Owner Occupied

62.3%

Renter Occupied

37.7%

Median Property Tax

$1,159

per year

Monthly Cost (w/ Mortgage)

$653

Housing Types

Single Family

84.7%

Multi-Family

9.0%

Mobile Home

6.2%

The median home value in Elma, IA is $71,400. According to Zillow, the home value index for Elma is $207,259. The median rent is $668 per month (Census ACS). About 62.3% of housing units are owner-occupied. The median year homes were built is 1944. There are 321 total housing units.