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Neighbourhood in Centre Wellington
Homes for rent in Elora/Salem
Elora/Salem is a charming neighbourhood in Centre Wellington. It offers a mix of residential homes and a friendly community atmosphere.
At a glance
Unit A, 129 Metcalfe Street
Centre Wellington (Elora/Salem)
Listed 9 days ago
- 1Bedroom
- 1Bathroom
- 0Garage
- <700Sq.Ft.
Upper LevelFor Rent
Unit 301, 71 Victoria Street
Centre Wellington (Elora/Salem)
Listed 16 days ago
- 2Bedrooms
- 1Bathroom
- 0Garage
- 700~1.1KSq.Ft.
DetachedFor Rent
Day to dayLivability
6.6
Schools near listings
out of 10 · averaged over 627 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$949,990
In Elora/Salem
$949,990
In Centre Wellington
$788,900
In Ontario
$710,000
Median monthly rent
$1,950/mo
In Elora/Salem
$1,950
In Centre Wellington
$2,450
In Ontario
$2,500
$2,353
Per square foot
≈ 40.6 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
49
Median $949,990
Houses 39 · Condos 10
For rent
4
Median $1,950
Houses 3 · Condos 1
Recently sold
Sign in to see sold data
Recently leased
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Market data as of 2026-10-21. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Family-friendly environment
- Good schools with an average rating of 6.6
- Low crime rate and safe neighborhoods
- Access to parks and recreational spaces
Keep in mind
- Median home prices are above the city average
- Limited public transit options
The feel of the placeLifestyle
Daily life in Elora/Salem is relaxed and community-oriented, with plenty of outdoor spaces. Residents enjoy a suburban feel with local amenities close by.
Within the boundaryWhat's nearby
The boundary
7.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
23
Parks
5
Playgrounds
2
Grocery stores
10
Restaurants
9
Cafés
2
Gyms
1
Libraries
2
Pharmacies
Counted across all 7.6 km² of Elora/Salem. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
6.7/10
Average rating of the 3 rated schools in this area
5
Elementary
Salem Public School
Public · Grades JK–6 · Upper Grand DSB
6.9/105.9 over 5 yrs963rd of 3,045 Ontario elementary schools
285 students · EQAO 2024-2025
St Mary - Elora Catholic Elementary School
Catholic · Grades JK–8 · Wellington CDSB
6.9/107.2 over 5 yrs963rd of 3,045 Ontario elementary schools
400 students · EQAO 2024-2025
Elora Public School
Public · Grades JK–8 · Upper Grand DSB
6.2/106.6 over 5 yrs1,444th of 3,045 Ontario elementary schools
545 students · EQAO 2024-2025
Free Bird Nature School
Independent
Not rated
Montessori School of Elora
Independent
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Elora/Salem, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
8,025
Population (2021)
38.7 km²
Area
207
People per km²
48.4
Median age
$110,312
Median income
85%
Own their home
2.6
People per household
3,090
Households
Every age
- Children (under 15)15.6%
- Working age (15–64)57.9%
- Seniors (65+)26.5%
What is built here
- Detached houses73.6%
- Semi-detached7.8%
- Townhouses5.9%
- Duplexes1.5%
- Low-rise apartments11.7%
Own or rent
85%Owners
15%Renters
Across 3,090 households
When it was built
Mostly 1961–1980
- 1960 or earlier20%
- 1961–198023%
- 1981–199012%
- 1991–200014%
- 2001–20057%
- 2006–20105%
- 2011–201510%
- 2016–20217%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 9.2%
- Born outside Canada
- 27.5%
- Hold a degree or higher
- 57.3%
- Employment rate
- 0%
- Commute by transit
- 93.5%
- Commute by car
- 1.9
- Children per family
- $95,625
- Median income after tax
- $129,165
- Average household income
- 4.4%
- Living on a low income
- $1,223/mo
- Renters pay, per month
- $1,332/mo
- Owners pay, per month
- $775,558
- Median home value at census
- 18.7%
- Renters spending 30%+ of income on housing
- 9.4%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry
What homes in Elora/Salem actually rent for
26 homes were leased in Elora/Salem over the 12 months to September 2026. Half leased above $2,790 and half below, 11.4% lower than the 12 months before. A typical home found its tenant in 25 days — 21 days quicker than a year ago.
- Median rent
- $2,790
- -11.4% year over year
- Days to lease
- 25
- 21 days quicker
- Leases closed
- 26
- last 12 months
- Rent per square foot
- $2.13/mo
- from 23 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.
What renters actually paid
$2,990/mo
on a $3,000 asking rent — under ask by $10
- Of the asking rent
- 99.7%
- Leased over asking
- 15.4%
From 26 leases that closed here in the last 12 months.
Rent or buy in Elora/Salem
26.2 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$876,996
138 sales
Median rent
$2,790/mo
26 leases
Gross rental yield
3.82%
before costs
Both figures come from deals that actually closed in Elora/Salem over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
Every month behind these charts — Elora/Salem, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Jul 2026 | 3 | Not enough leases this month to report a median | |||
| Jun 2026 | 2 | Not enough leases this month to report a median | |||
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 3 | Not enough leases this month to report a median | |||
| Mar 2026 | 4 | Not enough leases this month to report a median | |||
| Feb 2026 | 3 | Not enough leases this month to report a median | |||
| Jan 2026 | 2 | Not enough leases this month to report a median | |||
| Dec 2025 | 2 | Not enough leases this month to report a median | |||
| Nov 2025 | 2 | Not enough leases this month to report a median | |||
| Oct 2025 | 2 | Not enough leases this month to report a median | |||
| Sep 2025 | 2 | Not enough leases this month to report a median | |||
| Aug 2025 | 2 | Not enough leases this month to report a median | |||
| Jun 2025 | 1 | Not enough leases this month to report a median | |||
| May 2025 | 1 | Not enough leases this month to report a median | |||
| Apr 2025 | 1 | Not enough leases this month to report a median | |||
| Mar 2025 | 4 | Not enough leases this month to report a median | |||
| Feb 2025 | 1 | Not enough leases this month to report a median | |||
| Nov 2024 | 3 | Not enough leases this month to report a median | |||
| Oct 2024 | 1 | Not enough leases this month to report a median | |||
| Sep 2024 | 9 | $3,000 | $1,900 – $3,200 | 42 | 100.0% |
| Aug 2024 | 3 | Not enough leases this month to report a median | |||
| Jul 2024 | 5 | $3,150 | $2,900 – $3,300 | 80 | 100.0% |
| Jun 2024 | 1 | Not enough leases this month to report a median | |||
| May 2024 | 2 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
23 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Elora/Salem
How much does a home cost in Elora/Salem?
Homes in Elora/Salem sold for a median of $876,996 over the 12 months to September 2026, across 138 closed sales — half sold for more and half for less. That is 10.1% lower than the 12 months before it.
How long does it take to sell a home in Elora/Salem?
A home in Elora/Salem took a median of 40 days on the market over the 12 months to September 2026. Homes there closed at 97.5% of the asking price on average, with 11.6% selling over asking.
How much is rent in Elora/Salem?
The median lease in Elora/Salem closed at $2,790 a month over the 12 months to September 2026, across 26 leases.
Is it cheaper to rent or buy in Elora/Salem?
A home in Elora/Salem costs about 26.2 years of the rent on one — the median price of $876,996 against a median rent of $2,790 a month, a gross yield of 3.82%. The shorter that number, the closer buying is to renting before financing costs.
What kind of homes sell in Elora/Salem?
Over the 12 months to September 2026 the mix in Elora/Salem was detached (52.2% of sales, median $997,175) and condo apartment (3.6% of sales, median $720,000).
Compiled by HOMEH from leases reported closed in Elora/Salem on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.
A condo here is 1.4× cheaper than detached houses
Half the condo apartments that changed hands in Elora/Salem over the 12 months to September 2026 sold above $720,000. The neighbourhood's median across every kind of home was $876,996 — one number, two markets.
Median closed prices over the 12 months to September 2026, from 138 sales in Elora/Salem. Medians describe the group, never one home.
- Median condo sold price
- $720K
- 5 closed sales
- Days to sell
- 64
- median, condo apartments
- Share of all sales
- 4%
- of everything that closed here