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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 6% |
| Two Bedrooms | 37.60% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1993 |
| Median Value of occupied units | $132,300 |
| Median Price asked for vacant units | $175,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $233 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 54.40% |
| Debt Free | 28.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
