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 $176,480, lower than the New Jersey average of $388,929.
The average cost of rent is $1,341/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. While nearly 44.88% of residents own their homes outright in Elwood, 11.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $6,559 per month. Households that rent pay about 20.44% of their income on rent here. Elwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Da Costa, NJ: higher priced homes
- Devonshire, NJ: higher priced homes
- South Egg Harbor, NJ: higher priced homes
- Sweetwater, NJ: higher priced homes
- Nesco, NJ: higher priced homes
- Penny Pot, NJ: higher priced homes
- Laureldale, NJ: higher priced homes
- Weymouth, NJ: higher priced homes
- Weekstown, NJ: higher priced homes
- English Creek, NJ: higher priced homes
Cities with Similar Populations
- Cotton Lake, TN: less expensive homes
- Coats, KS: less expensive homes
- Cobbs, MS: less expensive homes
- Codys Corner, FL: equally priced homes
- Coeymans, NY: less expensive homes
- White Owl, SD: less expensive homes
- White Oak Springs, WV: less expensive homes
- Whispering Pines, CA: higher priced homes
- Wheeling, AR: less expensive homes
- Westwood, PA: equally priced homes
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