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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 $514,712, lower than the Utah average of $525,914.
The average cost of rent is $1,169/mo in Elwood, primarily driven by the current value of real estate in the Elwood area. In Elwood, 8.85% of households rent, and 36.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elwood is $8,219 per month. Households that rent pay about 14.23% of their income on rent here. Elwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tremonton, UT: less expensive homes
- Deweyville, UT: equally priced homes
- Honeyville, UT: equally priced homes
- Bear River City, UT: equally priced homes
- Garland, UT: less expensive homes
- Riverside, UT: equally priced homes
- Collinston, UT: equally priced homes
- Mendon, UT: higher priced homes
- Penrose, UT: less expensive homes
- Peter, UT: equally priced homes
Cities with Similar Populations
- Milltown, WI: less expensive homes
- South Coatesville, PA: less expensive homes
- South Beach, OR: equally priced homes
- Simmons, TX: less expensive homes
- Sheldon, WI: less expensive homes
- Sabinal, TX: less expensive homes
- Pavo, GA: less expensive homes
- Oreana, IL: less expensive homes
- Newport Center, VT: less expensive homes
- Negley, OH: less expensive homes
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