Elwood, IN is a great place to live with affordable housing. The median value of homes in Elwood is $117,400 which is significantly lower than the national median of $338,100. Not only are homes more affordable, but they have also appreciated more than the national average over the past year - 13.98% compared to 8.27%. This makes Elwood an attractive option for potential homebuyers looking for value and growth in their investments.
The median home cost in Elwood is $117,400. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Elwood is up 18.4%.
Average Age of Homes
- The median age of Elwood real estate is 75 years old
The Rental Market in Elwood
- Renters make up 34.8% of the Elwood population
- 1.4% 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.