Elwood, NJ is a great place to live for its housing market. The median value of housing in Elwood is $175,500 which is significantly lower than the U.S. median value of $338,100. Additionally, in the past year the appreciation rate of homes in Elwood was 15.99%, much higher than the 8.27% appreciation rate seen across the United States over the same period. Therefore, if you are looking for an affordable place to live with a booming housing market, Elwood is definitely worth considering.
The median home cost in Elwood is $175,500. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Elwood is up 19.1%.
Average Age of Homes
- The median age of Elwood real estate is 51 years old
The Rental Market in Elwood
- Renters make up 9.1% 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.