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Affordable
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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 $170,276, lower than the Iowa average of $226,062.
The average cost of rent is $940/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. In Elwood, 11.97% of households rent, and 46.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $6,720 per month. Households that rent pay about 13.98% of their income on rent here. Elwood’s most expensive areas are in the northeastern 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
- Lost Nation, IA: less expensive homes
- Nashville, IA: less expensive 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: equally priced homes
Cities with Similar Populations
- Cornland, IL: less expensive homes
- Chatham, KY: less expensive homes
- Chesterville, MS: higher priced homes
- Clappville, PA: equally priced homes
- Clearwater, TN: higher priced homes
- Cleveland, ND: less expensive homes
- Comstock, NE: less expensive homes
- Conejos, CO: higher priced homes
- Conover, IA: higher priced homes
- Chatham Hill, VA: less expensive homes
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