Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elwood area can be challenging. Home prices in Elwood are now at a median cost of $134,499, lower than the Iowa average of $182,666.
The average cost of rent is $647/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. While nearly 50.04% of residents own their homes outright in Elwood, 10.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $5,859 per month. Households that rent pay about 11.05% of their income on rent here. Elwood's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lost Nation, IA: less expensive homes
- Nashville, IA: equally priced homes
- Delmar, IA: higher priced homes
- Maquoketa, IA: less expensive homes
- North Welton, IA: equally priced homes
- Hurstville, IA: higher priced homes
- Toronto, IA: higher priced homes
- Baldwin, IA: less expensive homes
- Welton, IA: higher priced homes
- Petersville, IA: higher priced homes
Cities with Similar Populations
- Cornland, IL: less expensive homes
- Chatham, KY: less expensive homes
- Chesterville, MS: higher priced homes
- Clappville, PA: higher priced homes
- Clearwater, TN: higher priced homes
- Cleveland, ND: less expensive homes
- Comstock, NE: less expensive homes
- Conejos, CO: equally priced homes
- Conover, IA: higher priced homes
- Chatham Hill, VA: less expensive homes
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