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Elmwood House for Sale

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    $225,000 Open Fri 4PM - 6PM

    • 3 Beds
    • 1.5 Baths
    • 1,698 Sq Ft

    2217 Rainbow Dr, Lafayette, IN 47904

    Located near Market Square, this 2-bedroom, 1.5-bathroom home offers comfort, convenience, and plenty of space to enjoy. Freshly updated with brand-new carpet and a brand-new water heater, the main level features a cozy living area with a wood-burning stove and an additional family/living room for flexible use. Step out from the family room to a wooden deck and open patio, perfect for

    Spencer Childers Keller Williams Lafayette

    2217 Rainbow Dr, Lafayette, IN 47904

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.

Home Trends in Elmwood, IN

Housing Trends

Median Sale Price
$187,000
Median Single Family Sale Price
$204,294
Median 2 Bedroom Sale Price
$104,900
Average Price Per Sq Ft
$114
Number of Homes for Sale
1
Last 12 months Home Sales
13
Months of Supply
0.90
Median List Price
$182,400
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
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