Apartments for sale in Elmwood, IL, USA

According to statistics, the population in Elmwood, IL amounts to 2,302, which shows growth 2% compared to the previous year. The median age of the city’s residents is 41. The average household income is $60,156, shifting growth 5% from the past year, and the average property value in Elmwood, IL growth 2% to $114,800 throughout the year.

Population	2,302
Median Age	41.3
Poverty Rate	8%
Household Income	$60,156
Number Of Employees	1,212
Median Property Value	$114,800

Household Income

The average household income in Elmwood, IL grew from $57,270 to $60,156 in the past year. This data is an estimate based upon 881 households in Elmwood, IL . The chart below presents how household income is distributed in Elmwood, IL in comparison to the revenue allocation amid households nationally.

Property Value

According to data from last year, the average property value in Elmwood, IL shifted from $113,100 to $114,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elmwood, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elmwood, IL properties falls in the '$90,000 to $99,999' range, which is lower than the most significant median property across the country.

Rent vs. Own

Property Taxes

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elmwood, IL compared to median property taxes around the country. The prevalent amount of property taxes in Elmwood, IL equals $3000, which is less than the national average.

Housing Trends

How much does an apartment cost in Elmwood, IL, USA

Average apartment sale in Elmwood: $65,000 (-16.9%)

Apartment Size	Jan	vs Last Month
3-bed apartments	$65,000	-16.1%

During Jan 2023, the average price for an apartment in/near Elmwood, IL decreased by 16.9% to $65,000.

Asking price for 2-bed apartment remains the same, a place of this size will still cost you $82,500. A 3-bed apartment goes for $65,000, it decreased by 16.1% lately.

Listing Type	Jan	vs Last Month
Houses for sale	$65,000	-16.9%

Price reports demonstrate that house price decreased by 16.9% this month making it up to $65,000.

Median price for residential apartments in Elmwood, IL as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.

8 Elmwood, IL, USA apartments for sale

Elmwood