Home prices
The median home in Elwood costs $168,800. This is about $13,380 (7%) lower compared to other places in this area.Compared to the United States as a whole it is about $48,700 (22%) lower, and it is about $89,200 (34%) lower in comparison to the city of Chicago.
Rents
The median monthly rent in Elwood is $891. Compared to its nearby areas it is approximately $282 (24%) lower.It is roughly $171 (16%) lower compared to the nation as a whole, and is approximately $221 (19%) lower compared to the city of Chicago.
Nearby places
Channahon
Channahon is roughly 5 miles west from Elwood. The housing prices there are somewhat more expensive. The value of the median home in Channahon is $224,500, which works out to $55,700 (24%) higher than Elwood. Rents there are significantly more expensive. Channahon's median rent is $1,350 a month, which works out to $459 (34%) higher than Elwood.
Preston Heights
Preston Heights is approximately 6 miles northeast of Elwood. Real estate prices there are a lot less expensive. The value of the median home in Preston Heights is $99,900, which works out to $68,900 (68%) lower than Elwood. Rent there is a little more expensive. The median rent in Preston Heights is $988 per month, which comes out to $97 (9%) higher than Elwood.
Rockdale
Rockdale is roughly 6 miles north from Elwood. The real estate prices there are a bit less expensive. The cost of the median home in Rockdale is $132,600, which comes out to $36,200 (27%) lower than Elwood. Rents there are a bit more expensive. In Rockdale the median monthly rent is $975, which is $84 (8%) higher than Elwood.
Minooka
Minooka is roughly 6 miles west of Elwood. Housing prices there are a bit more expensive. Minooka's median home value is $212,500, which works out to $43,700 (20%) higher than Elwood. Its rents are a bit more expensive. Minooka's median rent is $1,233 per month, which comes out to $342 (27%) higher than Elwood.
Manhattan
Manhattan is approximately 6 miles east from Elwood. The housing prices there are somewhat more expensive. Manhattan's median home price is $241,400, which comes out to $72,600 (30%) higher than Elwood. Rent there is a lot more expensive. The median monthly rent in Manhattan is $1,321, which is $430 (32%) higher than Elwood.
