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.
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.