Elwood, IL is a great place to live when considering housing. The median value of homes in Elwood is $253,400 which is much lower than the US median value of $338,100. House prices in Elwood have also seen an appreciation rate of 9.35% over the last year compared with the US appreciation rate of 8.27%. This makes Elwood an attractive option for those looking to purchase a home as it offers the potential for increased value over time.
The median home cost in Elwood is $253,400. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Elwood is up 13.7%.
Average Age of Homes
- The median age of Elwood real estate is 24 years old
The Rental Market in Elwood
- Renters make up 14.9% of the Elwood population
- 0.0% of houses and apartments in Elwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.