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Elwood Community Consolidated School District 203

Learn about the people, housing, costs and businesses in Elwood Community Consolidated School District 203, Illinois

Median Home$271,500
Median Rent$1,481/month
Population3,564
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth⬆⬆+18.8% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners86% of occupied units
NotableHighly Educated24% bachelor's · 16% graduate · top 21% nationally
Elwood Community Consolidated School District 203
IL

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Frequently Asked Questions

What are today's mortgage rates in Elwood Community Consolidated School District 203?

As of today, the 30-year fixed mortgage rate for Elwood Community Consolidated School District 203 is approximately 6.990% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Elwood Community Consolidated School District 203
What is the median home price in Elwood Community Consolidated School District 203?

The median home value in Elwood Community Consolidated School District 203 is $272k. The median monthly rent is $1,481. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elwood Community Consolidated School District 203?

Home values in Elwood Community Consolidated School District 203 have increased 18.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Elwood Community Consolidated School District 203?

Based on a typical all-in ownership cost of $1,576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elwood Community Consolidated School District 203 is $104k/year.

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What industries drive the economy in Elwood Community Consolidated School District 203?

The largest employment sectors in Elwood Community Consolidated School District 203 are public administration (32%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.