Elwood, IN Overview

The growing community of Elwood City is characterized as a small town with high spirits and abundant local resources.  Area youth receive a quality education in Elwood Community Schools.  Post-secondary education is available close to home in Anderson for students of all ages.  Hometown pride is evident throughout Elwood's beautiful neighborhoods as well as in the active Chamber of Commerce, Elwood Industrial Corporation, thriving businesses, a new library and school, new YMCA, and first-rate recreational facilities.  Colorful special events like the Fourth of July Fireworks or the Glass Festival that celebrates the town's glass-blowing heritage draw families, friends, and neighbors together for good food and shared fun.  Elwood maintains a 40-acre park with swimming pool, tennis courts, bowling alleys, baseball and softball parks.  Elwood Country Club provides a golf course and five recreational reservoirs are located within 30 miles. 

Summary

Population Growth (since 2000) -12%
Population Density (ppl / mile) 2,292.00
Household Size (ppl) 2.497
Households w/ Children 28%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 38%
Median Year in Residency 3.69

Housing Inventory

Elwood, IN Housing Inventory 2,334 591 997 2,334 591

Market Overview

83 listings with an estimated median price of $159,000

Price Count
$0 - 100K 27
$100K - 200K 37
$200K - 300K 14
$300K - 400K 5
Property Type Count
Single Family 51
Commercial 4
Rental 1
Lots and Land 17
Multi Family 7

(Data as of 9/23/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Elwood, IN Population Demographics

Total: 8,319

Households:3,331

Median Age: 39.81

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Elwood, IN Temperature

Weather Risk

Elwood, IN Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Elwood, IN Education Climate Index

Highest Education Level Attained

Elwood, IN Highest Education Level Attained 853 2,560 196 174 407 420 1,024 853 2,560 196 174 407

Employment and Finance

Workforce

Elwood, IN Workforce

Income by dollar range (Median Income: $38,531)

Elwood, IN Income by dollar range 360 200 248 269 217 225 206 238 185 234 287 411 116 74 23 22 9 7

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$492
One Bedroom
$587
Two Bedroom
$775
Three Bedroom
$1,005
Four Bedroom
$1,186

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
No

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Elwood, IN Crime

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