Elwood IN Landlot Properties For Sale
The median home value in Elwood, IN is $117,400. This is lower than the county median home value of $157,300. The national median home value is $338,100. The average price of homes sold in Elwood, IN is $117,400. Approximately 54.67% of Elwood homes are owned, compared to 29.61% rented, while 15.72% are vacant. Elwood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Elwood real estate agent to arrange a tour today!
Learn More About Elwood Real EstateStatistics & facts
8,295
Population
$117K
Medium Home Value
3,276
# of Households
15.72%
Housing Vacancy
46.58%
Future Job Growth
2.80%
Unemployment Rate
Information Not Guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or selling. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Population
Elwood has a population of approximately 8,295 and experiences a population change rate of -14.81%. The population density is 2,231 / sq mi.
Household
The median household income for Elwood is $46,709, with 3,276 households and an average household size of 2.53.
Cost of Living
The cost of living index in Elwood is 78.3%.
Home Value
The median value of a home in Elwood is $117,400 with an appreciation rate of 18.4%. 54.7% of housing in the city is owned while 29.6% is rented.
Employment
The unemployment rate in Elwood is 2.80%, and recent job growth is at 2.15%. Future job growth is projected at 46.58%.
Taxes
The sales tax rate in Elwood is 7.00%, while the income tax rate is 3.23%.
Education
School expenditures in Elwood are $12,987, and the school ratio is 16.1:1.
Weather
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.9 degrees. The average rainfall is approximately 41.4 inches per year, with 20.6 inches of snow per year.
Education near Elwood IN
| Metric | City | County |
|---|---|---|
| High School Graduates | 91.73 | 89.76 |
| College Degree - 2 year | 9.49 | 9.34 |
| College Degree - 4 year | 9.05 | 19.02 |
| Graduate Degree | 1.76 | 5.38 |
| Expenditures per Student | $12,987 | $12,987 |
| Students per Teacher | 16.10 | 16.10 |
Elementary Schools near Elwood IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Alexandria-Monroe Elementary School | PK - 03 | 345 | 21.6 | 46001 |
| Alexandria-Monroe Intermediate School | 03 - 06 | 450 | 19.6 | 46001 |
| Elwood Elementary School | PK - 02 | 462 | 19.7 | 46036 |
| Elwood Intermediate School | 03 - 06 | 439 | 15.1 | 46036 |
| Frankton Elementary School | PK - 06 | 860 | 29.7 | 46044 |
| Park Elementary School | KG - 06 | 373 | 17.8 | 46928 |
| Summitville School | PK - 06 | 308 | 16.9 | 46070 |
Middle Schools near Elwood IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Madison-Grant Junior High School | 07 - 08 | 205 | 11.4 | 46928 |
High Schools near Elwood IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Alexandria-Monroe High School | 07 - 12 | 787 | 19.2 | 46001 |
| Elwood Junior-Senior High School | 07 - 12 | 658 | 16.4 | 46036 |
| Frankton Junior/Senior High School | 07 - 12 | 674 | 18.6 | 46044 |
| Madison-Grant High School | 09 - 12 | 416 | 14.3 | 46928 |
Ungraded Schools near Elwood IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| John H Hinds Career Center | PK - 12 | 0 | null | 46036 |
