Housing in Elwood, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$150,000
Median List Price
$169,900
Price Per Sq Ft
$97
Days on Market
31
Active Inventory
38
Months of Supply
4.2
Balanced market
Zillow Home Value
$139,987
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
11.1%
Off Market in 2 Weeks
21.4%
Sale-to-List Ratio
93.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
9
New Listings
7
Pending Sales
14
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$97
Median List $/SF
$111
Elwood vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Elwood is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$92,800
Median Rent
$838
Total Housing Units
4,028
Vacancy Rate
13.7%
Owner Occupied
63.9%
Renter Occupied
36.1%
Median Property Tax
$777
per year
Monthly Cost (w/ Mortgage)
$766
Housing Types
The current median sale price in Elwood, IN is $150,000 according to Redfin data. Homes spend a median of 31 days on the market. 11.1% of homes sold above asking price. The market has 4.2 months of supply. The median price per square foot is $97. The median rent is $838 per month (Census ACS). About 63.9% of housing units are owner-occupied. The median year homes were built is 1952. There are 4,028 total housing units.