Elwood, NE—68937
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elwood, NE
As of Oct '25, the median home price in Elwood, NE is $409,000, with a year-over-year change of 9.2%. This indicates that home prices in Elwood, NE are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | 9.2% |
| Single Family | $409,000 | 8.8% |
| 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 | $516,000 | 11.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elwood, NE
Elwood, NE 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, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Elwood, NE is 83. This is a increase of 8.0% 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 | $645,000 | 58.0% |
Listing Count | 14 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 83 | 8.0% |
Demographics — Elwood, NE
As of the latest ACS Survey released in 2023, Elwood, NE has a population of 1,770, which has increased by 13.8% over the past 5 years. Elwood, NE is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,770 | 13.8% |
% Under 18 | 16.3% | 12.4% |
% Seniors | 30.4% | -5.6% |
% WFH | 4.4% | 131.6% |
% w/ College Degree | 27.3% | -3.5% |
As of the latest ACS Survey released in 2023, Elwood, NE is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Elwood, NE is hispanic, making up 7.5% of the population. Foreign-born residents account for 1.7% of the population in Elwood, NE, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.7% | -2.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 7.5% | 66.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.7% | 0.0% |
Mortgage and Risk — Elwood, NE
According to HUD data as of 2023, there were 24 mortgage originations in Elwood, NE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Elwood, NE. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Elwood, NE
Elwood, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Elwood, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $409,000 |
| Median Household Income | $77,200 |