Zip 60421 (Elwood, IL) Housing

Housing in 60421 Elwood, IL is well above the national average. The median value of a house in 60421 Elwood, IL is $243,100 which is significantly higher than the US median value of $338,100. The appreciation rate for housing in 60421 Elwood, IL is also higher than the US 1 year house appreciation rate of 8.27%, coming in at 9.35%. This suggests that housing prices are on an upward trend and it could be beneficial to invest in real estate in this area.

The median home cost in Elwood (zip 60421) is $243,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Elwood (zip 60421) is up 13.7%.

Average Age of Homes

- The median age of Elwood (zip 60421) real estate is 32 years old

The Rental Market in Elwood (zip 60421)

- Renters make up 12.7% of the Elwood (zip 60421) population
- 0.0% of houses and apartments in Elwood (zip 60421), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elwood, Illinois	United States
	1,641.0	139,647,020.0
	42	42
	$243,100	$338,100
	13.7%	16.6%
	41.6%	57.0%
	66.0%	101.1%
	$21.75	$10.98
	$4,459	$2,690
	85.7%	57.4%
	6.3%	11.2%
	8.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.1%	2.4%
	0.4%	2.8%
	0.8%	3.9%
	0.0%	4.5%
	12.9%	11.3%
	32.4%	13.0%
	45.2%	20.1%
	5.8%	13.6%
	0.9%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	18.5%	13.6%
	18.5%	13.6%
	23.9%	13.6%
	6.0%	13.2%
	18.7%	14.8%
	23.9%	13.6%
	9.0%	10.0%
	3.9%	4.7%
	14.7%	12.2%

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