Elwood IL Multi Family for Sale

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Elwood Real Estate

The median home value in Elwood, IL is $271,500. This is lower than the county median home value of $305,000. The national median home value is $338,100. The average price of homes sold in Elwood, IL is $271,500. Approximately 82.22% of Elwood homes are owned, compared to 12.21% rented, while 5.56% 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!

Elwood, Illinois has a population of 2,500. Elwood is less family-centric than the surrounding county with 28.76% of the households containing married families with children. The county average for households married with children is 37.33%.

The median household income in Elwood, Illinois is $76,339. The median household income for the surrounding county is $95,751 compared to the national median of $69,021. The median age of people living in Elwood is 40.1 years.

Elwood Weather

The average high temperature in July is 84.2 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 36.8 inches per year, with 27.2 inches of snow per year.

Elwood Real Estate Market Conditions

  • Median sales price

    $271,500
    13.7% change since last quarter
  • # Active listings

    35
    30-day change

Elwood Schools and Demographics

Education near Elwood, IL

Metric City County
High School Graduates 95.23 91.48
College Degree - 2 year 13.73 8.62
College Degree - 4 year 18.94 35.37
Graduate Degree 4.99 10.17
Expenditures per Student 18,169 18,169
Students per Teacher 14.4 14.4

Elementary Schools near Elwood, IL

School Grades Students P/T Ratio ZIP
Anna McDonald Elementary School 03 - 05 450 18 60442
Edna Keith Elementary School KG - 05 448 18.6 60433
Eisenhower Academy 01 - 05 262 21.8 60433
Elwood C C School KG - 08 370 13.4 60421
Laraway Elementary School 02 - 08 273 10.5 60436
Lynne Thigpen Elementary School KG - 05 671 18.1 60436
Marycrest Early Childhood Center PK - KG 334 17.3 60436
N B Galloway Elementary School PK - 02 410 19.7 60410
Oak Valley Elementary School PK - 01 174 17.4 60433
Pioneer Path 03 - 04 270 20.8 60410
Rockdale Elementary School PK - 08 290 14.5 60436
T E Culbertson Elementary School KG - 05 379 18.8 60433
Thompson Instructional Center 01 - 08 53 60433
Union Elementary School KG - 08 99 7.4 60433
Wilson Creek Elementary School PK - 02 483 15.4 60442
Woodland Elementary School PK - 05 506 19.5 60433

Middle Schools near Elwood, IL

School Grades Students P/T Ratio ZIP
Channahon Junior High School 07 - 08 322 19.5 60410
Dirksen Junior High School 06 - 08 635 15.5 60436
Manhattan Junior High School 06 - 08 427 14.7 60442
Three Rivers School 05 - 06 290 18.9 60410
Washington Junior High & Academy Program 06 - 08 794 16.3 60433
Wilton Center Elementary School KG - 04 78 10.1 60442

Demographics near Elwood, IL

Metric City County
Neighborhood Type Suburban
Population 2,500 696,403
Population Density 182 833
Median Age 40.1 38.3
People per Household 2.6 2.9
Median Household Income 76,339 95,751
Average Income per Capita 36,730 40,493