All Countries
Elwood, IN
Full City Profile · Indiana · Madison County County
2.8
/5.0
C+
Fair
8,320
Population
2,085/sq mi density
$54,084
Median Income
$28,005 per capita
$92,800
Home Value
$144,507 Zillow
$838
Median Rent
26.3% income on rent
51°F
Avg Temperature
275 sunny days/yr
286
Violent Crime/100K
2,029 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,084 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$92,800 home value, $838/mo rent
F
Safety
1.0 / 5.0
286 violent crimes/100K
D
Education
1.6 / 5.0
7.1% bachelor's degree or higher
Housing Overview
Median Home Value
$92,800
67% below
US avg: $281,900
Median Rent
$838/mo
28% below
US avg: $1,163/mo
Homeownership Rate
63.9%
2% below US avg (65.4%)
Total Housing Units
3,864
Median year built: 1956
Home Value by Source
Census Median
$92,800
Zillow (ZHVI)
$144,507
Median Sale Price
$194,950
Median List Price
$158,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.9%
Owner-Occupied
36.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$838/mo
Market Indicators (Redfin)
Median Days on Market
58 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
12
Price Drops
31.0%
of listings with price reduction
Price Per Sq Ft
$96
Active Inventory
42
homes for sale
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
63.9%
Complete Housing Data
Home Values
| Census Median Value | $92,800 |
| Zillow Home Value (ZHVI) | $144,507 |
| Median Sale Price | $194,950 |
| Median List Price | $158,950 |
| Price Per Sq Ft | $96 |
Rent
| Census Median Rent | $838 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 58 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 31.0% |
| Homes Sold | 12 |
| Active Inventory | 42 |
| Price Per Sq Ft | $96 |
Ownership & Stock
| Owner-Occupied | 63.9% |
| Renter-Occupied | 36.1% |
| Homeownership Rate | 63.9% |
| Total Housing Units | 3,864 |
| Median Year Built | 1956 |
| Rent Burden | 26.3% |