Why Live in Elmwood
Elmwood, located in the north end of Lafayette, has experienced significant change over the past 10 years, attracting new residents who contribute to the community's growth. Most homes were built between the 1940s and 1970s and represent a variety of styles, including minimal traditional, brick and vinyl ranch-style, split-level and shotgun builds. Some houses have been renovated, while others are still in need of TLC. Prices typically range from $115,000 to $200,000, but two-bedroom condos in the southwest area cost around $100,000. The Hanna Community Center is a multicultural organization that offers various programs and services, and the Northend Community Center has a pool and fitness center. Arlington Park features a playground and tennis courts, and disc golfers hit the challenging course at nearby Murdock Park. Dining, shopping and conveniences such as the Bureau of Motor Vehicles can be found at the Market Square Shopping Center, which is across the street from many homes. Popular spots include the Downtowner Restaurant and the Market Square Lanes bowling alley. CityBus routes are available within the neighborhood, and downtown Lafayette is about 2 miles away. Residents are well-connected to nearby attractions and events such as Loeb Stadium, Columbian Park Zoo and HannaFest. Students attend area schools like Vinton Elementary, Sunnyside Intermediate, Tecumseh Junior High and Jefferson High School, which offers dual enrollment courses with local colleges. Elmwood 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 38. The average household income is $116,430 which is above the national average. College graduates make up 39.8% of residents. A majority of residents in Elmwood are home owners, with 27.1% of residents renting and 72.9% 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.
Is Elmwood, IN a safe neighborhood?
Elmwood, IN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Elmwood?
The median home price in Elmwood is $207,500. If you put a 20% down payment of $41,500 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $1,020 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $44K a year to afford the median home price in Elmwood. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Elmwood is $116K.
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?
Are home prices dropping in Elmwood?
Yes, home prices in Elmwood are down 22% in the last 12 months.
Home Trends in Elmwood, IN
On average, homes in Elmwood, Lafayette sell after 24 days on the market compared to the national average of 53 days. The median sale price for homes in Elmwood, Lafayette over the last 12 months is $197,500, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$197,500
Median Single Family Sale Price
$216,000
Median Townhouse Sale Price
$230,000
Median 2 Bedroom Sale Price
$104,900
Average Price Per Sq Ft
$125
Number of Homes for Sale
2
Last 12 months Home Sales
14
Median List Price
$207,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%