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Affordable
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These days, finding an affordable place to live in the Elwin area can be challenging. Home prices in Elwin are now at a median cost of $157,072, lower than the Illinois average of $300,242.
The average cost of rent is $922/mo in Elwin, primarily driven by the current value of real estate in the Elwin area. In Elwin, 10.01% of households rent, and 44.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwin is $7,621 per month. Households that rent pay about 12.10% of their income on rent here. Elwin’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Boody, IL: higher priced homes
- Macon, IL: equally priced homes
- Decatur, IL: less expensive homes
- Mount Zion, IL: higher priced homes
- Harristown, IL: less expensive homes
- Long Creek, IL: higher priced homes
- Blue Mound, IL: equally priced homes
- Dalton City, IL: less expensive homes
- Forsyth, IL: higher priced homes
- Moweaqua, IL: less expensive homes
Cities with Similar Populations
- Bent Creek, VA: higher priced homes
- Bartley, WV: less expensive homes
- Bath, IN: higher priced homes
- York, KY: less expensive homes
- Bearcreek, MT: higher priced homes
- Yocemento, KS: higher priced homes
- Beetown, WI: higher priced homes
- Wyoming, WV: less expensive homes
- Belmont, ID: higher priced homes
- Belva, WV: less expensive homes
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