Similar to its surrounding areas, it is significantly more expensive compared to the rest of the nation. However compared to the city of New York, it is a bit less expensive.
Home prices
Elwood's median home cost is $537,200. Compared to nearby areas this is about $12,600 (2%) higher.Compared to the country as a whole it is about $319,700 (146%) higher, and it is approximately $68,800 (11%) lower compared to the city of New York.
Rents
In Elwood the median rent is $2,393 per month. This is roughly $645 (36%) higher in comparison to its nearby areas.It is roughly $1,331 (125%) higher in comparison to the entire nation, and compared to the city of New York it is approximately $950 (65%) higher.
Nearby places
Greenlawn
Greenlawn is Elwood's neighbor to the northwest. The housing prices there are a little less expensive. The median home in Greenlawn costs $489,900, which comes out to $47,300 (9%) lower than Elwood. Its rents are substantially less expensive. Greenlawn's median rent is $641 a month, which is $1,752 (273%) lower than Elwood.
East Northport
East Northport is Elwood's neighbor to the north. Its housing prices are somewhat less expensive. The cost of the median home in East Northport is $472,800, which is $64,400 (13%) lower than Elwood. Its rents are a lot less expensive. In East Northport the median rent is $1,789 per month, which is $604 (33%) lower than Elwood.
Commack
Commack is Elwood's neighbor to the east. The real estate prices there are somewhat less expensive. The median home in Commack costs $495,000, which comes out to $42,200 (8%) lower than Elwood. The rent there is a little less expensive. Commack's median monthly rent is $1,839, which comes out to $554 (30%) lower than Elwood.
Dix Hills
Dix Hills is Elwood's neighbor to the south. Its real estate prices are a bit more expensive. The median home in Dix Hills is valued at $730,500, which works out to $193,300 (26%) higher than Elwood. The rent there is a little more expensive. The median rent in Dix Hills is $2,625 per month, which comes out to $232 (8%) higher than Elwood.
South Huntington
South Huntington is Elwood's neighbor to the southwest. Its real estate prices are a bit less expensive. The median home in South Huntington costs $434,800, which comes out to $102,400 (23%) lower than Elwood. Rents there are a bit less expensive. In South Huntington the median monthly rent is $1,846, which is $547 (29%) lower than Elwood.
