Elwood township Illinois Area Home Supply Charts

This page looks at a variety of Elwood township Illinois housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Elwood township depicts it has a housing units of 763 which is the third most housing units of all other places in the greater Elwood township region.

Figure 2 illustrates the housing density in the Elwood township housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Elwood township depicts it has a housing density of 30.7 which is the smallest when ranked by housing density of all the other places in the area. The city with the highest housing density in the area is Georgetown which indicates a density of 1,033.7 ( substantially bigger). Comparing housing density to the United States average of 38.6, Elwood township is approximately three-fourths the size. Also, versus the state of Illinois, housing density of 96.2, Elwood township is approximately a third the size.

In Figure 4, Elwood township area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Elwood township depicts it has a change in the housing units of 6.3% which is the third most of all other places in the metro area. The city with the highest change in the housing units in the area is Ridge Farm which shows a housing units of 11.5% (about twice as large). Comparing change in the housing units to the United States average of 4.9%, Elwood township is 28.4% larger. Also, measured against the state of Illinois, change in the housing units of 1.0%, Elwood township is appreciably bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Elwood township depicts it has a renter percent of 29.5% which is the third most renter percent of all other places in the greater Elwood township region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 70.5% which is less than most other places in the surrounding region.

Elwood township Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average Elwood township home price is illustrated for this community and a useful analysis of affordable housing. Elwood township depicts it has a median home price of $68,700 which is less than most other places in the surrounding region. The city with the highest median home price in the area is Chrisman which shows a home price of $80,200 (16.7% larger). Figure 8 provides aggregate comparative data for the Elwood township Illinois metro area in terms of the median housing rental rate, apartment rent, etc. Elwood township shows it has a rental rates of $719 which is less than most other places in the metropolitan area. The city with the highest rental rates in the area is Olivet CDP which shows a rental rates of $935 (30.0% larger). Comparing rental rates to the United States average of $1,023, Elwood township is approximately three-fourths the size. Also, measured against the state of Illinois, rental rates of $984, Elwood township is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Elwood township has the percentage of home price worth less than $50,000 the second smallest in terms of home price worth less than $50,000 of all the other places in the greater region at 20% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 64% of the total and is ranked #2. The only larger city being Olivet CDP with 78%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Elwood township depicts it has a median ownership cost of $599 which is less than most other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Elwood township metro area. it has a cost as a percent of household income of 14% which is the second smallest when ranked by cost as a percent of household income of all the other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Elwood township shows it has a median home value as a percent of median worker earnings of 164% which is less than most other places in the area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Elwood township depicts it has a median housing cost of $861 which is in the mid point range of other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $454 which is the second most median housing cost of all the places in the greater Elwood township region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Elwood township has the percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other places in the local area at 7% of the total. Second, it has one of the largest proportions of owner cost between $500 and $700 at 28% of the total and is ranked #2. The only larger city being Olivet CDP with 34%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Elwood township depicts it has a cost as a percent of household income of 18% which is the third most of all other places in the metro area. The city with the highest cost as a percent of household income in the area is Olivet CDP which shows a cost as a percent of household income of 19% (6.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Elwood township depicts it has a cost as a percent of household income of 9% which is less than most other places in the metro area. The city with the highest cost as a percent of household income in the area is Indianola which depicts a cost as a percent of household income of 13% (46.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Elwood township has one of the largest proportions of rent as a percent of income is less than 10 pct at 4% of the total and is ranked #3. Only #2 Chrisman (6%), and #1 Ridge Farm (7%) are larger. Second, it has less than most other places in the local area when sorted by rent as a percent of income is between 10pct to 20pct at 25% of the total. Third, it has the second smallest in order of rent as a percent of income is less than 10 pct of all the other places in the local area as measured by rent as a percent of income is over 50pct at 14% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $1,389 which is in the mid range of other places in the local area. The city with the highest median real estate taxes paid in the area is Olivet CDP which depicts a taxes paid of $1,635 (17.7% larger). Comparing median real estate taxes paid to the United States average of $2,375, Elwood township is approximately half the size. Also, compared with the state of Illinois, median real estate taxes paid of $4,299, Elwood township is approximately a third the size.

Figure 22 shows the percentage of renters who pay for utilities in Elwood township Illinois. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Elwood township has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Elwood township Illinois has the percentage of rent between 300 and 500 dollars the second smallest as measured by rent less than 300 dollars of all the other places in the surrounding region at 5% of the total. Second, it has the second smallest in terms of rent less than 300 dollars of all the other places in the area as measured by rent between 750 and 1000 dollars at 16% of the total.

Elwood township Illinois Home Financing Charts

Elwood township Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.2 which is in the mid range of other places in the surrounding region. The city with the highest family members per housing unit in the area is Indianola which depicts a family members per housing unit of 3.5 (8.7% larger). Comparing family members per housing unit to the United States average of 3.3, Elwood township is only about 4.7% smaller. Also, measured against the state of Illinois, family members per housing unit of 3.3, Elwood township is only about 4.7% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 6.0 which is the largest of all places in the greater Elwood township region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1949 which is the second smallest as measured by year built of all the other places in the metro area. The city with the highest year built in the area is Olivet CDP which shows a year built of 1968 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 2% of the total and is ranked #1. Second, it has the second smallest in order of homes built in 2014 or later of all the other places in the greater region when sorted by homes built between 1950 to 1959 at 2% of the total. Third, it has one of the largest proportions of homes built between 1939 or earlier at 41% of the total and is ranked #3. Only #2 Indianola (42%), and #1 Ridge Farm (53%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 435 of the total and is ranked #3. Only #2 Georgetown (994), and #1 Westville (1,002) are larger. Second, it has one of the largest proportions of renter housing units at 182 of the total and is ranked #3. Only #2 Westville (254), and #1 Georgetown (454) are larger.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1990 to 1999 at $73,300 of the total and is ranked #2. The only larger city being Indianola with $131,300. Second, it has in the center range of other places in the metro area when sorted by value of homes built 1970 to 1979 at $60,800 of the total. Third, it has in the mid point range of other places in the local area when sorted by value of homes built 1960 to 1969 at $76,200 of the total. Also, it has in the mid range of other places in the area in terms of value of homes built 1950 to 1959 at $58,000 of the total. In addition, it has one of the largest proportions of value of homes built 1940 to 1949 at $82,400 of the total and is ranked #3. Only #2 Olivet CDP ($83,000), and #1 Chrisman ($83,300) are larger. Furthermore, it has one of the largest proportions of value of homes built 1939 or earlier at $59,700 of the total and is ranked #3. Only #2 Georgetown ($69,300), and #1 Chrisman ($71,400) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 81% of the total. Second, it has the largest proportion of vacant housing units at 19% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Elwood township residents. it has a homeowner household size of 2.8 which is the third most of all other places in the greater region. The city with the highest homeowner household size in the area is Olivet CDP which shows a homeowner household size of 3.2 (14.4% larger).

Figure 37 shows the household size for renters. Elwood township depicts it has a renter household size of 1.8 which is the second smallest when ranked by renter household size of all the other places in the metro area. The city with the highest renter household size in the area is Indianola which indicates a renter household sizes of 4.6 (approximately 2.5 times bigger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2010 to 2014 the second smallest as measured by owners moved in 2017 or later of all the other places in the area at 11% of the total. Second, it has one of the largest proportions of owners moved in 1989 or earlier at 37% of the total and is ranked #2. The only larger city being Olivet CDP with 62%. Figure 39 shows the year that people who rent moved into the area. Elwood township has one of the largest proportions of renters moved in 2017 or later at 15% of the total and is ranked #3. Only #2 Ridge Farm (24%), and #1 Westville (24%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 1997 which is the second smallest as measured by median year that a home owner moved in of all the other places in the surrounding region. Figure 41 compares the median year that renters moved into their home. Elwood township depicts it has a median year that a renter moved in of 2012 which is less than most other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 11% of the total and is ranked #1. Second, it has one of the largest proportions of homes using some other fuel at 1% of the total and is ranked #2. The only larger city being Ridge Farm with 2%.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Elwood township housing department, Illinois department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Elwood township depicts it has a total people living in group quarters of 10 which is the second most number of people in group quarters of all the places in the greater Elwood township region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Elwood township residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Elwood township has the largest proportion of number of people 18 years of age and older living in group quarters at 100% of the total and is ranked #1.