Why Live in Elmwood
Elmwood, located in the north end of Lafayette, has experienced significant change over the past decade, attracting new residents who contribute to the community's growth. The neighborhood features a mix of homes built between the 1940s and 1970s, including minimal traditionals, brick and vinyl ranch-style homes, split-levels, and shotgun builds. Properties range from fixer-uppers to renovated homes, with prices between $115,000 and $200,000. Two-bedroom condos in the southwest area typically sell for around $100,000. Elmwood is home to the Hanna Community Center, a multicultural organization offering various programs and services, and the Northend Community Center, which includes a pool and fitness center. Arlington Park and Murdock Park provide recreational options, with tennis courts, a playground, and a disc golf course. The Market Square Shopping Center offers dining, shopping, and conveniences like the Bureau of Motor Vehicles. Popular spots include the Downtowner Restaurant and Market Square Lanes. Elmwood is about 2 miles from downtown Lafayette, with City Bus routes available within the neighborhood. Local events and attractions include Loeb Stadium, Columbian Park Zoo, and HannaFest. Schools in the area include Vinton Elementary, Sunnyside Intermediate, Tecumseh Junior High, and the highly-rated Jefferson High, which offers dual enrollment courses. Elmwood also supports community services like food banks and pantries, enhancing the neighborhood's sense of community.
Frequently Asked Questions
Is Elmwood a good place to live?
Elmwood is a good place to live. Elmwood is considered somewhat walkable and somewhat bikeable with some transit options. Elmwood has 3 parks for recreational activities. It has a median age of 37. The average household income is $88,487 which is below the national average. College graduates make up 39.8% of residents. A majority of residents in Elmwood are home owners, with 27.2% of residents renting and 72.8% of residents owning their home. A
local real estate agent serving Elmwood can help you decide if this neighborhood is the right one for you. Learn more on our
Elmwood neighborhood guide.
How much do you need to make to afford a house in Elmwood?
The median home price in Elmwood is $349,900. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Elmwood. The average household income in Elmwood is $88K.
What are the best public schools in Elmwood?
The best public schools that serve Elmwood are:
What are the best private schools in Elmwood?
The best private schools that serve Elmwood are:
What are the most popular zip codes in Elmwood, Lafayette, IN?
What are the most popular neighborhoods near Elmwood, Lafayette, IN?
Home Trends in Elmwood, IN
On average, homes in Elmwood, Lafayette sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Elmwood, Lafayette over the last 12 months is $355,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$355,000
Median Single Family Sale Price
$355,000
Median Townhouse Sale Price
$349,900
Median 2 Bedroom Sale Price
$349,900
Average Price Per Sq Ft
$388
Number of Homes for Sale
1
Last 12 months Home Sales
11
Median List Price
$349,900
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-6%