City:
Elwood, IN
Elwood is a city in the state of indiana with a population of roughly 11,678. It is in Madison County, Indiana the Indianapolis-Carmel-Anderson, IN core-based statistical areas (CBSA), and the Indianapolis-Carmel-Muncie, IN combined statistical area (CSA).Its Zip codes include 46036 .
Trends in Home Prices in Elwood, Indiana
Real estate in Elwood is a hot commodity. With a population of just over 10,000 people, the town is growing quickly and there is plenty of demand for homes. The median home price in Elwood was $172,500 as of September 2017, which is significantly higher than the statewide median home price of $146,900.
The main reason for this high demand is likely the close proximity to Indianapolis. Elwood is only about 20 minutes away from downtown Indianapolis and there are plenty of jobs and amenities available in the city. Additionally, Elwood has excellent schools and plenty of recreational opportunities nearby.
One downside to living in Elwood is that it can be quite expensive to buy a home here. The median home price as of September 2017 was $172,500, which is more than double the statewide median home price of $146,900. However, if you are looking for a location that will continue to grow rapidly and have high demand from buyers then Elwood may be the perfect place for you!
Price Index: Indianapolis-Carmel-Anderson, IN
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