Elwood, IN Real Estate
According to census data in the year 2000 there were 4,122 housing units in Elwood.
This represents a 4.5% growth from 3,946 in 1990.
Of those housing units, 4,114 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Elwood is about 72.2%.
Elwood's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Elwood were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 14.90% |
| Two Bedrooms | 36.40% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $64,000 |
| Median Price asked for vacant units | $63,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $240 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 49.20% |
| Debt Free | 38.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
