Elwood—66024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elwood
As of Oct '25, the median home price in Elwood is $101,000, with a year-over-year change of 6.4%. This indicates that home prices in Elwood are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $101,000 | 6.4% |
| Single Family | $101,000 | 7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $138,000 | 7.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elwood
Elwood lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elwood
As of Oct '25, Realtor.com reports that the median days on market for a home in Elwood is 27. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $144,000 | 46.0% |
Listing Count | 3 | 17.0% |
| Listings as % of Homes | N/A | 17.0% |
Days on Market | 27 | 2.0% |
Demographics — Elwood
As of the latest ACS Survey released in 2023, Elwood has a population of 684, which has increased by 3.0% over the past 5 years. Elwood is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 7.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 684 | 3.0% |
% Under 18 | 19.9% | 61.8% |
% Seniors | 10.5% | -61.7% |
% WFH | 9.0% | 164.7% |
% w/ College Degree | 7.8% | 212.0% |
As of the latest ACS Survey released in 2023, Elwood is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Elwood is hispanic, making up 9.4% of the population. Foreign-born residents account for 1.3% of the population in Elwood, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.3% | -9.3% |
% Black | 2.3% | -72.3% |
% Hispanic | 9.4% | 51.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | ∞% |
Mortgage and Risk — Elwood
Elwood lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Elwood
Elwood lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Elwood
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $101,000 |
| Median Household Income | $68,000 |