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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 $242,490, lower than the Nebraska average of $252,353.
The average cost of rent is $740/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. In Elwood, 19.23% of households rent, and 56.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $6,633 per month. Households that rent pay about 11.15% 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
- Smithfield, NE: higher priced homes
- Eustis, NE: less expensive homes
- Darr, NE: higher priced homes
- Lexington, NE: less expensive homes
- Bertrand, NE: less expensive homes
- Cozad, NE: less expensive homes
- Farnam, NE: equally priced homes
- Overton, NE: less expensive homes
- Willow Island, NE: higher priced homes
- Loomis, NE: equally priced homes
Cities with Similar Populations
- Berlin, GA: less expensive homes
- St. Elmo, MI: less expensive homes
- Thompsons, TX: higher priced homes
- St. Clair, MN: higher priced homes
- Smyrna, SC: less expensive homes
- Damascus, AR: less expensive homes
- Buena Vista, PA: less expensive homes
- Brent, OK: less expensive homes
- Wenona, IL: less expensive homes
- Big Island, VA: equally priced homes
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