Similar to other places in this area, it's significantly less expensive compared to the US as a whole. Compared to the city of Kearney, it's substantially less expensive.
Home prices
The median home cost in Elwood is $95,600. It is about $1,380 (1%) higher compared to the surrounding areas.It is about $121,900 (56%) lower in comparison to the rest of the nation, and in comparison to the city of Kearney is roughly $83,300 (46%) lower.
Rents
The median rent in Elwood is $639 per month. Compared to nearby areas this is is very similar.It is roughly $423 (39%) lower in comparison to the entire nation, and it is about $128 (16%) lower in comparison to the city of Kearney.
Nearby places
Eustis
Eustis is roughly 9 miles northwest of Elwood. The real estate prices there are fairly similar. The median home in Eustis is valued at $94,100, which works out to $1,500 (1%) lower than Elwood. The rent there is a little more expensive. Eustis's median monthly rent is $725, which is $86 (11%) higher than Elwood.
Bertrand
Bertrand is about 11 miles southeast of Elwood. Real estate prices there are somewhat more expensive. The median home cost in Bertrand is $120,300, which comes out to $24,700 (20%) higher than Elwood. The rent there is a bit more expensive. In Bertrand the median monthly rent is $694, which is $55 (7%) higher than Elwood.
Lexington
Lexington is roughly 13 miles north of Elwood. Its real estate prices are pretty similar. Lexington's median home value is $92,400, which works out to $3,200 (3%) lower than Elwood. Its rents are a little more expensive. In Lexington the median rent is $768 a month, which comes out to $129 (16%) higher than Elwood.
Loomis
Loomis is roughly 17 miles southeast from Elwood. Housing prices there are somewhat more expensive. The median home price in Loomis is $103,000, which works out to $7,400 (7%) higher than Elwood. Rents there are a bit less expensive. The median rent in Loomis is $600 a month, which comes out to $39 (6%) lower than Elwood.
Farnam
Farnam is about 17 miles northwest of Elwood. Real estate prices there are a lot less expensive. The cost of the median home in Farnam is $61,300, which comes out to $34,300 (55%) lower than Elwood. Its rents are significantly less expensive. Farnam's median rent is $419 per month, which works out to $220 (52%) lower than Elwood.
