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IL area data

Elwood, IL

Elwood, IL.

Population: 3,649 (Census ACS)

The median home value in Elwood, IL is $326,984 — up 4.4% over the past year. Homes sell for a median $285,000 after a median 63.5 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, tornado, inlandflooding the top-rated hazards. Cost of living is 2.7% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$326,984

Median home value

+4.4%

1-year change

63.5

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$326,984
1-year appreciation
+4.4%
3-year appreciation
+14.9%
5-year appreciation
+29.6%
10-year appreciation
+69.7%
All-time peak (2026-07)
$326,984
House Price Index (state)
325.3 (+6.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$285,000
Median list price
$299,900
Median price per sqft
$190
Median days on market
63.5 days
Homes sold (recent period)
5
For-sale inventory
14
Sale-to-list ratio
98.2%
Active listings
2
1-year forecast
+2.0%
New listings (monthly)
6

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$1,150/mo
1BR fair-market rent
$1,220/mo
2BR fair-market rent
$1,380/mo
3BR fair-market rent
$1,780/mo
4BR fair-market rent
$2,060/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
97.3 (100 = US avg)
Electricity rate (state-level)
17.7¢/kWh
Natural gas rate (state-level)
$11.30/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
1
Middle schools
0
High schools
0
School districts serving the area
S Will Co Coop for Spec Ed, Elwood CCSD 203
Schools include
SOWIC-Early Childhood Channahon, SOWIC-Comm & Adaptv Bhrv-Elwood, Elwood C C School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, tornado, inlandFlooding, lightning, winterWeather
Notable hazard ratings (county)
coldWave: Very High · drought: Relatively Low · earthquake: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Moderate · iceStorm: Relatively Moderate
FEMA flood zone
A
Flood risk level
High
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
11.0%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
3
Nearest Superfund site
Amoco Chemicals (Joliet Landfill) (3.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
43.3 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
53
Days with Good air quality
155
Days with Moderate air quality
191
Days with Unhealthy air quality
3
Highest AQI recorded (year)
246

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
5.7 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
39,912
Jobs reachable by transit (45 min)
47,450

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
2
Nearest national park
Pullman National Historical Park (31 mi)
National parks include
Pullman National Historical Park, Indiana Dunes National Park
Airports within 30 mi
41
Nearest airport
Joliet Regional Airport (JOT) (7 mi)
Nearest major airport
Greater Kankakee Airport (IKK) (28 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
SAINT JOSEPH MEDICAL CENTER, MORRIS HOSPITAL & HEALTHCARE CENTERS
Avg hospital rating (CMS)
2.0 / 5
Best hospital rating nearby (CMS)
3.0 / 5
EV charging stations (within 10 mi)
10
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-986 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,990
Housing built before 1970
21.4%
Housing built 2000 or later
22.2%
Median annual property tax
$5,106
Mean commute to work
27 min
Households with broadband internet
75.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
230,864
Average weekly wage
$1,113
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
1,433

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ElwoodState medianUS median
Median home value$326,984$195,432$289,727
Median sale price$285,000$212,000$325,000
Median days on market64 days48 days51 days
Median annual property tax$5,106$2,696$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Elwood, IL?
$326,984.
What is the median sale price in Elwood, IL?
$285,000.
How long do homes take to sell in Elwood, IL?
Median days on market: 63.5 days.
What is typical rent in Elwood, IL?
2-bedroom fair-market rent: $1,380/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Elwood, IL?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, inlandFlooding, lightning, winterWeather.
Is Elwood, IL in a flood zone?
High (FEMA NFIP). FEMA flood zone A.
What is the wildfire risk in Elwood, IL?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Elwood, IL?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Elwood, IL?
3 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Amoco Chemicals (Joliet Landfill), 3.9 mi.
How many schools serve Elwood, IL?
3 schools (1 elementary) (NCES, 2022-23).
Is Elwood, IL walkable?
Walkability index: 5.7/20 (EPA Smart Location Database).
What is the air quality in Elwood, IL?
Moderate. Median AQI: 53. (EPA AQI).
What is the cost of living in Elwood, IL?
Regional Price Parity: 97.3 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Elwood

Selling a home in Elwood, IL?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents