House Prices

House Prices & Home Values Elwood, IN 2026


Average Data

average house price$124,967
average size per house1823 ft²
average price per ft²69 $ / ft²

04/15/2026 - The value range (VR) for house prices in Elwood, IN is $61/ sqft to $61/ sqft. An average home with 1823 sqft costs approximately $111,203 to $111,203. Elwood, IN includes 1 ZIP codes and it is located in Madison county. The lowest prices are found in ZIP 46036, while the highest are in ZIP 46036. The average price per sqare feet is $69. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Elwood

4603662 $ / ft²




Historical development of home values in Elwood

Year Estimated value (USD) Change vs. 2025
2010 $58,037 -53.6%
2011 $55,793 -55.4%
2012 $55,642 -55.5%
2013 $57,722 -53.8%
2014 $60,592 -51.5%
2015 $63,702 -49.0%
2016 $67,027 -46.4%
2017 $70,644 -43.5%
2018 $74,550 -40.3%
2019 $78,007 -37.6%
2020 $82,039 -34.4%
2021 $93,311 -25.3%
2022 $108,779 -13.0%
2023 $114,713 -8.2%
2024 $121,349 -2.9%
2025 $124,967 0.0%

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



Example: 100% financing house in Elwood

Loan amount: $124,967

Interest rate: 6.00%

Fixed monthly payment: $749.24

Breakdown in the 1st month:
Interest portion: $624.84  –  Principal portion: $124.41

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,456.27 $1,534.61 $123,432.39
2 $7,361.62 $1,629.26 $121,803.13
3 $7,261.13 $1,729.75 $120,073.38
4 $7,154.45 $1,836.44 $118,236.94
5 $7,041.18 $1,949.70 $116,287.24
6 $6,920.93 $2,069.96 $114,217.28
7 $6,793.26 $2,197.63 $112,019.65
8 $6,657.71 $2,333.17 $109,686.48
9 $6,513.81 $2,477.08 $107,209.40
10 $6,361.02 $2,629.86 $104,579.54
11 $6,198.82 $2,792.06 $101,787.48
12 $6,026.61 $2,964.27 $98,823.20
13 $5,843.78 $3,147.10 $95,676.10
14 $5,649.68 $3,341.21 $92,334.90
15 $5,443.60 $3,547.29 $88,787.61
16 $5,224.81 $3,766.08 $85,021.53
17 $4,992.53 $3,998.36 $81,023.18
18 $4,745.92 $4,244.97 $76,778.21
19 $4,484.10 $4,506.79 $72,271.42
20 $4,206.13 $4,784.76 $67,486.66
21 $3,911.01 $5,079.87 $62,406.79
22 $3,597.70 $5,393.19 $57,013.60
23 $3,265.06 $5,725.83 $51,287.78
24 $2,911.90 $6,078.98 $45,208.80
25 $2,536.96 $6,453.92 $38,754.87
26 $2,138.90 $6,851.98 $31,902.89
27 $1,716.28 $7,274.60 $24,628.29
28 $1,267.60 $7,723.28 $16,905.01
29 $791.25 $8,199.64 $8,705.37
30 $285.51 $8,705.37 $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 Elwood, IN


1500 sqft3900 sqft
Ø selling price$125,236$266,409
Ø fast selling$113,851$239,769
Ø high price sale$136,620$293,050

In 2026, houses in Elwood, IN will be offered at an average price of $69 per square foot. A 1,500 sqft home priced at $125,236 is 23.37% more expensive per square foot than a 3,900 sqft home priced at $266,409. Home prices in Elwood, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $184,438. Sellers who can wait longer may achieve a higher price of up to $225,424.

FAQ – Home Values in Elwood

What is the median home value in Elwood in 2026?

In 2026, the typical home value in Elwood is about $124,967 for an average home size of 1823 square feet. This corresponds to an average price of roughly $69 per square foot.

What is the average cost per square foot in Elwood?

In 2026, homes in Elwood sell for an average of around $69 per square foot, with a typical range between $61 and $61 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 Elwood is about 1823 square feet, with an estimated 2026 value around $124,967.



Locations close to Elwood, IN

Fishers, IN117 $ / ft²
Forest, IN22 $ / ft²
Fortville, IN133 $ / ft²
Colfax, IN155 $ / ft²
Cicero, IN126 $ / ft²
Carmel, IN165 $ / ft²
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