Affordable
Expensive
Expensive
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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 $230,019, lower than the Texas average of $322,096.
The average cost of rent is $1,091/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. In Elwood, 13.20% of households rent, and 65.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $6,142 per month. Households that rent pay about 17.77% of their income on rent here. Elwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midway, TX: equally priced homes
- Middleton, TX: less expensive homes
- Leona, TX: less expensive homes
- Madisonville, TX: less expensive homes
- Mapleton, TX: less expensive homes
- Mecca, TX: equally priced homes
- Vistula, TX: less expensive homes
- Weldon, TX: less expensive homes
- Austonio, TX: less expensive homes
- Laceola, TX: less expensive homes
Cities with Similar Populations
- Spring Gap, MD: less expensive homes
- Bedford Park, IL: equally priced homes
- Betsy Layne, KY: less expensive homes
- Beverly Shores, IN: higher priced homes
- Big Springs, NE: less expensive homes
- Black, AL: less expensive homes
- Black Jack, KS: higher priced homes
- St. Joseph, FL: higher priced homes
- Brindle Town, NC: less expensive homes
- Blackland, MS: less expensive homes
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