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 $91,542, lower than the Indiana average of $175,617.
The average cost of rent is $847/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. While nearly 42.27% of residents own their homes outright in Elwood, 26.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $4,777 per month. Households that rent pay about 17.74% of their income on rent here. Elwood's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Rigdon, IN: higher priced homes
- New Lancaster, IN: higher priced homes
- Dundee, IN: higher priced homes
- Frankton, IN: higher priced homes
- Leisure, IN: higher priced homes
- Orestes, IN: higher priced homes
- Hobbs, IN: higher priced homes
- Omega, IN: higher priced homes
- Windfall City, IN: less expensive homes
- Windfall, IN: higher priced homes
Cities with Similar Populations
- Sykesville, MD: higher priced homes
- Commerce, TX: higher priced homes
- Conley, GA: higher priced homes
- Woodmoor, CO: higher priced homes
- Crystal Lake, FL: higher priced homes
- View Park-Windsor Hills, CA: higher priced homes
- Venus, TX: higher priced homes
- Tuttle, OK: higher priced homes
- Dowagiac, MI: higher priced homes
- Tuckahoe, NY: higher priced homes
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