Median price for residential apartments in Elwood, IN as of Dec, 2022.
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.
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55 Elwood, IN 46036, USA apartments for sale
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Elwood
According to statistics, the population in Elwood, IN amounts to 8,458, which shows decline 0% compared to the previous year. The median age of the city’s residents is 39. The average household income is $36,342, shifting decline 0% from the past year, and the average property value in Elwood, IN decline -3% to $66,600 throughout the year.
| Population | 8,458 |
| Median Age | 38.9 |
| Poverty Rate | 22% |
| Household Income | $36,342 |
| Number Of Employees | 3,756 |
| Median Property Value | $66,600 |
Household Income
The average household income in Elwood, IN declined from $36,383 to $36,342 in the past year. This data is an estimate based upon 3,523 households in Elwood, IN . The chart below presents how household income is distributed in Elwood, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Elwood, IN shifted from $68,800 to $66,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elwood, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elwood, IN properties falls in the '$50,000 to $59,999' 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 Elwood, IN compared to median property taxes around the country. The prevalent amount of property taxes in Elwood, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Elwood, IN 46036, USA
Average apartment sale in Elwood: $95,788 (-6.3%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $13,500 | -72.9% |
| 2-bed apartments | $81,097 | +5.5% |
| 3-bed apartments | $76,100 | -15.8% |
| 4+ bed apartments | $154,100 | -5.9% |
During Dec 2022, the average price for an apartment in/near Elwood, IN decreased by 6.3% to $95,788.
Knowing the current property prices is key if you plan to buy a studio in Elwood, IN. The average price for a studio has decreased since the last month, currently being $13,500. Asking price for 2-bed apartment also increased by 5.5% and a place of this size will now cost you $81,097. A 3-bed apartment goes for $76,100, it decreased by 15.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 5.9% and made it down to $154,100.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $95,637 | -6.9% |
| Lofts for sale | $105,000 | +0% |
| Land for sale | $13,500 | -72.9% |
Price reports demonstrate that house price decreased by 6.9% this month making it up to $95,637. The price statistics of lofts have not significantly changed, it now still goes for $105,000. The average price of the land for sale in Elwood, IN has decreased by 72.9%, and now equals $13,500.
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