Elsmere, Delaware
- Metro area: Wilmington
- Monthly mortgage payment: $570
Why Elsmere Is a Great Place to Live
Elsmere, Delaware, earns its spot at the top of this ranking because its homes are extraordinarily affordable. The Wilmington suburb boasts a median home list price of $124,950, which is the lowest list price on this list.
Additionally, homeowners pay the fifth-lowest county property tax rate — 0.666% — among the best suburbs with cheap mortgages. As a result, residents can enjoy Elsmere’s close proximity to the University of Delaware campus and other amenities without paying an arm and a leg for housing.
