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 $130,022, lower than the Texas average of $235,268.
The average cost of rent is $925/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. While nearly 58.12% of residents own their homes outright in Elwood, 11.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $5,677 per month. Households that rent pay about 16.29% of their income on rent here. Elwood's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Midway, TX: less expensive homes
- Middleton, TX: higher priced homes
- Leona, TX: higher priced homes
- Madisonville, TX: equally priced homes
- Mapleton, TX: equally priced homes
- Mecca, TX: higher priced homes
- Vistula, TX: less expensive homes
- Weldon, TX: higher priced homes
- Austonio, TX: less expensive homes
- Laceola, TX: higher priced homes
Cities with Similar Populations
- Spring Gap, MD: higher priced homes
- Bedford Park, IL: higher 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: equally priced homes
- Blackland, MS: less expensive homes
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