The median home in Elwood, Indiana is valued at $139,987, down 1.1% year over year. Elwood is part of the Indianapolis-Carmel-Anderson, IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$139,987

-1.1%

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$27,997 on $139,987

Example: $75,000 household income. Change it above to see your own.

Affordable15% of income

Under the 28% guideline.

PITI$940

P/I15%

Afford$261K

Room+$121K

P&I $708Tax $99Ins $133

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

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

Other cities in Indiana

Compare Elwood with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Indianapolis-Carmel-Anderson, IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Indianapolis-Carmel-Anderson, IN metro.

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Elwood, IN