Elwood, IN Real Estate
Elwood, Indiana is located in Madison County. Nearby cities and towns include Frankton, Orestes, Alexandria, Windfall City, Point Isabel, Atlanta, Tipton, Summitville, Arcadia, River Forest, Country Club Heights, Edgewood, Woodlawn Heights, Fairmount, Lapel, Cicero, Sharpsville, Anderson, Greentown, Sims, Swayzee, Fowlerton, Herbst, Chesterfield, Jonesboro, Gaston, Indian Heights, Daleville, Noblesville, Pendleton, Gas City, Matthews, Yorktown, Sweetser, Mier, Kempton, Kokomo, Converse, Marion, Middletown, Ingalls, Upland, Sheridan, Amboy, Fishers, Shamrock Lakes, Markleville, Muncie, Westfield, Fortville, and Jalapa. Elwood is a suburban community with a population of 8,538. The median household income is $37,422. In Elwood, 44% of residents are married, and families with children reside in 35% of the households. Half the population of Elwood commutes 16 minutes or less to work, with 58% of residents holding white collar jobs and 42% residents holding blue collar jobs. The median age of homes in Elwood, IN is 66 years, with 57% of those homes owned, 29% rented, and 14% not occupied. In the previous year, 61 Elwood properties were sold. The median sale price of a home in Elwood in the previous year was $68,814.