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Median Home Price in Elwood, IN

The median home value in Elwood, IN is $159,974 as of 2026-06-30, up 3.89% from a year earlier.

Median Home Value

$159,974

Year-over-Year

+3.89%

Population

8,430

Elwood ranks #82 of 87 Indiana cities tracked here by median home value, and sits 40.8% below the state's city median of $270,079. It sits in Madison County, where the county-wide median is $193,723.

Crime in Elwood

Elwood police recorded a violent crime rate of 95 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 463 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Elwood

How much does a house cost in Elwood, IN?

The median home value in Elwood is $159,974. That's up 3.89% from a year earlier. That is about 40.8% below the typical county in Indiana.

Is Elwood expensive compared to the surrounding area?

Homes in Elwood are cheaper than Madison County as a whole, where the median is $193,723 — a difference of about 17.4%.

Is Elwood a safe place to live?

Elwood police reported 95 violent crimes per 100,000 residents, covering a population of about 8,430. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.