Home prices
The median home cost in Elmwood is $138,100. Compared to its nearby areas this is about $40,020 (40%) higher.Compared to the entire nation it is approximately $79,400 (36%) lower, and compared to the city of Peoria it is approximately $12,400 (9%) higher.
Rents
The median rent in Elmwood is $639 per month. Compared to its nearby areas this is approximately $88 (12%) lower.It is roughly $423 (39%) lower compared to the entire nation, and it is about $167 (20%) lower in comparison to the city of Peoria.
Nearby places
Yates City
Yates City is roughly 2 miles west from Elmwood. Its housing prices are a lot less expensive. The price of the median home in Yates City is $82,400, which is $55,700 (67%) lower than Elmwood. Its rents are somewhat more expensive. The median rent in Yates City is $728 a month, which works out to $89 (12%) higher than Elmwood.
Brimfield
Brimfield is about 5 miles northeast from Elmwood. Its real estate prices are a little less expensive. Brimfield's median home price is $125,800, which works out to $12,300 (9%) lower than Elmwood. Its rents are a bit more expensive. Brimfield's median monthly rent is $725, which comes out to $86 (11%) higher than Elmwood.
Farmington
Farmington is approximately 5 miles south from Elmwood. The housing prices there are substantially less expensive. The median home in Farmington costs $85,300, which is $52,800 (61%) lower than Elmwood. Rents there are a bit more expensive. Farmington's median monthly rent is $843, which comes out to $204 (24%) higher than Elmwood.
Maquon
Maquon is about 8 miles west of Elmwood. The real estate prices there are significantly less expensive. Maquon's median home price is $63,000, which comes out to $75,100 (119%) lower than Elmwood. Rent there is pretty similar. Maquon's median monthly rent is $663, which is $24 (3%) higher than Elmwood.
Hanna City
Hanna City is about 9 miles southeast of Elmwood. The housing prices there are pretty similar. The median home in Hanna City costs $133,900, which works out to $4,200 (3%) lower than Elmwood. The rent there is somewhat more expensive. The median rent in Hanna City is $678 a month, which comes out to $39 (5%) higher than Elmwood.
