Elwood at a Glance
Population
8,339
Median Home Value
$85,200
Nat'l avg: $281,900
Median Rent
$782
Nat'l avg: $1,163
Median Income
$52,139
Nat'l avg: $74,580
Violent Crime
0.0 per 1K
Nat'l avg: 3.6 per 1K
Walk Score
47/100
Car-Dependent
Air Quality
AQI 44
Good
Climate Risk
Relatively High
Score: 84.70
Explore Elwood
Dive deeper into Elwood with specialized neighborhood guides and rankings.
Best Neighborhoods
Top-rated neighborhoods in Elwood ranked by Kurby Score
Affordable Neighborhoods
Most budget-friendly areas to live in Elwood
Up & Coming Neighborhoods
Emerging neighborhoods with growth potential in Elwood
Young Professionals
Best neighborhoods for career starters in Elwood
Retiree Neighborhoods
Best neighborhoods for retirees in Elwood
Living In Guide
Complete guide to life in Elwood — cost, safety, schools & more
All Neighborhoods
Browse every neighborhood in Elwood with detailed data
About Elwood
If you're seeking a genuinely affordable slice of the American dream, Elwood, Indiana, is worth a serious look. This charming city, home to just over 8,300 residents, offers a lifestyle that prioritizes practicality and community spirit. Forget the astronomical housing costs of the coasts; here, the median home value hovers around a remarkable $85,200, a stark contrast to the national median. This translates to more financial freedom and the opportunity to invest in your future without being house-poor. Elwood is a place where neighbors know each other and the pace of life encourages genuine connection. From an investment perspective, Elwood presents a compelling case. While the median household income of $52,139 is lower than the national average, the extremely low cost of living makes this a very attractive proposition. You're getting incredible value for your money. Elwood is ideal for first-time homebuyers, those seeking a peaceful retirement, or anyone wanting a more relaxed lifestyle. The city’s manageable size promotes a sense of safety and community that's hard to find in larger urban areas. If you're looking for a safe, friendly, and budget-friendly place to call home, Elwood deserves your attention.