Elwood First-Time Homebuyer Report for October

Elwood is a small city in Illinois with a median income of $66,673 per household. Besides being very affluent, its population is older than others with a median age of 37 years. The Elwood market primarily consists of detached houses, accounting for 80% of the current homes in the area. The best school in the city is Elwood C C School.

Price Range

Some of the more expensive homes in Illinois are in Elwood with a median home value of $144,800 and an average list price for available homes currently at $163,402.

Make sure you take a look at these eye-catching homes in Elwood that generated the most views from potential buyers:

$172K   $144K   $199K  

Typical Dwelling

The typical dwelling in Elwood is a three-bedroom detached home worth about $170,144. To purchase a similar home, a buyer with good credit and a $34,029 cash down payment could obtain a mortgage with a 3.95% interest rate and a $628 monthly payment. The property tax rate is $18.40 per $1,000 of taxable assessed value.

Get started right now by checking out Elwood homes for sale or reviewing Elwood real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
RE/MAX Top Properties
5 reviews
Wilk Real Estate
4 reviews

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