House Prices

House Prices & Home Values Elmwood, IL 2026


Average Data

average house price$146,140
average size per house2058 ft²
average price per ft²72 $ / ft²

04/19/2026 - The value range (VR) for house prices in Elmwood, IL is $80/ sqft to $80/ sqft. An average home with 2058 sqft costs approximately $164,640 to $164,640. Elmwood, IL includes 1 ZIP codes and it is located in Peoria county. The lowest prices are found in ZIP 61529, while the highest are in ZIP 61529. The average price per sqare feet is $72. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Elmwood

6152979 $ / ft²




Historical development of home values in Elmwood

Year Estimated value (USD) Change vs. 2025
2010 $67,870 -53.6%
2011 $65,246 -55.4%
2012 $65,070 -55.5%
2013 $67,502 -53.8%
2014 $70,858 -51.5%
2015 $74,495 -49.0%
2016 $78,383 -46.4%
2017 $82,614 -43.5%
2018 $87,181 -40.3%
2019 $91,223 -37.6%
2020 $95,939 -34.4%
2021 $109,120 -25.3%
2022 $127,210 -13.0%
2023 $134,149 -8.2%
2024 $141,909 -2.9%
2025 $146,140 0.0%

Graph: estimated home values in Elmwood over time (USD)



Example: 100% financing house in Elmwood

Loan amount: $146,140

Interest rate: 6.00%

Fixed monthly payment: $876.18

Breakdown in the 1st month:
Interest portion: $730.70  –  Principal portion: $145.48

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,719.58 $1,794.62 $144,345.38
2 $8,608.89 $1,905.30 $142,440.08
3 $8,491.38 $2,022.82 $140,417.26
4 $8,366.62 $2,147.58 $138,269.68
5 $8,234.16 $2,280.04 $135,989.64
6 $8,093.53 $2,420.67 $133,568.97
7 $7,944.23 $2,569.97 $130,999.00
8 $7,785.72 $2,728.48 $128,270.52
9 $7,617.43 $2,896.77 $125,373.75
10 $7,438.76 $3,075.43 $122,298.32
11 $7,249.08 $3,265.12 $119,033.20
12 $7,047.69 $3,466.50 $115,566.69
13 $6,833.89 $3,680.31 $111,886.38
14 $6,606.89 $3,907.30 $107,979.08
15 $6,365.90 $4,148.30 $103,830.78
16 $6,110.04 $4,404.16 $99,426.62
17 $5,838.40 $4,675.80 $94,750.83
18 $5,550.01 $4,964.19 $89,786.64
19 $5,243.83 $5,270.37 $84,516.27
20 $4,918.76 $5,595.43 $78,920.84
21 $4,573.65 $5,940.55 $72,980.29
22 $4,207.25 $6,306.95 $66,673.35
23 $3,818.25 $6,695.95 $59,977.40
24 $3,405.26 $7,108.94 $52,868.46
25 $2,966.80 $7,547.40 $45,321.06
26 $2,501.29 $8,012.91 $37,308.16
27 $2,007.07 $8,507.13 $28,801.03
28 $1,482.37 $9,031.83 $19,769.20
29 $925.31 $9,588.89 $10,180.31
30 $333.89 $10,180.31 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elmwood, IL


1500 sqft3900 sqft
Ø selling price$130,681$277,992
Ø fast selling$118,801$250,193
Ø high price sale$142,560$305,792

In 2026, houses in Elmwood, IL will be offered at an average price of $72 per square foot. A 1,500 sqft home priced at $130,681 is 22.47% more expensive per square foot than a 3,900 sqft home priced at $277,992. Home prices in Elmwood, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $192,457. Sellers who can wait longer may achieve a higher price of up to $235,225.


Elmwood, IL Overview

Elmwood, IL is a welcoming small city in Peoria County about 25 miles northwest of Peoria.
Known for its walkable historic downtown, Elmwood blends Midwestern charm with modern conveniences for residents and visitors.

Schools and Community

The community is served by Elmwood Community Unit School District 322, with a cohesive campus and strong extracurricular programs.
Outdoor lovers enjoy Central Park in town and the trails and picnic areas at nearby Jubilee College State Park.

Dining, Events, and History

Local boutiques, cafes, and family-owned restaurants cluster downtown, creating a lively, locally sourced dining scene.
Annual events like the Elmwood Strawberry Festival and farmers markets showcase regional produce, music, and artisan goods.
History buffs note Elmwood?s mid-19th-century roots and the community?s resilience after a 2010 tornado that prompted thoughtful downtown revitalization.

Housing and Access

Housing options range from classic farmhouses to newer builds, with Elmwood, IL real estate prized for affordability and a short commute to Peoria job centers.
Travelers reach Elmwood via Illinois Routes 8 and 78, and the 61529 ZIP code and 309 area code make it easy to locate services.
Whether you are exploring for a day or considering a move, Elmwood, Illinois offers friendly neighborhoods, safe streets, and plenty of things to do.



FAQ – Home Values in Elmwood

What is the median home value in Elmwood in 2026?

In 2026, the typical home value in Elmwood is about $146,140 for an average home size of 2058 square feet. This corresponds to an average price of roughly $72 per square foot.

What is the average cost per square foot in Elmwood?

In 2026, homes in Elmwood sell for an average of around $72 per square foot, with a typical range between $80 and $80 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elmwood is about 2058 square feet, with an estimated 2026 value around $146,140.



Locations close to Elmwood, IL

Eureka, IL98 $ / ft²
Farmington, IL65 $ / ft²
Forest City, IL44 $ / ft²
Edwards, IL122 $ / ft²
Edelstein, IL96 $ / ft²
Dunlap, IL81 $ / ft²
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