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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 $144,925, lower than the Mississippi average of $183,008.
The average cost of rent is $667/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. In Elwood, 16.13% of households rent, and 76.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $3,437 per month. Households that rent pay about 19.41% of their income on rent here. Elwood’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harmony, MS: less expensive homes
- Beatrice, MS: equally priced homes
- Nancy, MS: less expensive homes
- Quitman, MS: higher priced homes
- Hale, MS: less expensive homes
- Stonewall, MS: less expensive homes
- DeSoto, MS: higher priced homes
- Pachuta, MS: equally priced homes
- Wautubbee, MS: higher priced homes
- Kelona, MS: less expensive homes
Cities with Similar Populations
- Zerkel, MN: higher priced homes
- Zaidee, GA: less expensive homes
- Alexander, IA: less expensive homes
- Youba, OH: higher priced homes
- Alpena, SD: higher priced homes
- Alstead Center, NH: higher priced homes
- Plaisance, LA: higher priced homes
- Perrytown, AR: less expensive homes
- Pine Aire, NY: higher priced homes
- Pike, IN: higher priced homes
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