The median home in Elmwood, Illinois is valued at $176,851, up 9.5% year over year. Elmwood is part of the Peoria, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Peoria, IL stress score, crash risk, and 12-month forecast →

Home Value$176,851

+9.5%

AFFORDABILITY

Enter your income for Elmwood.

Income (annual)

Down Payment

$35,370 on $176,851

Affordable — 22% of income

Under the 28% guideline.

PITI$1,373

P/I22%

Afford$225K

Room+$49K

P&I $894Tax $329Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Elmwood with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Peoria, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Peoria, IL metro.

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ELMWOOD, IL