Elwood, IL Real Estate

According to census data in the year 2000 there were 678 housing units in Elwood. This represents a 87.3% growth from 362 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 678 were located in what is classified as a rural area.

Homeownership rate in Elwood is about 83.1%. Elwood's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Elwood were built after 1991.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom6%
Two Bedrooms37.60%
Three Bedrooms43.40%
Four Bedrooms9.90%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1993
Median Value of occupied units$132,300
Median Price asked for vacant units$175,000

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1961
Median Monthly Rent asked for vacant units$233

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage11%
Home Equity Loan6.10%
Simple Mortgage54.40%
Debt Free28.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19%