Elmwood, NE housing market
The typical Elmwood home is worth about $276,000, up 5.1% in a year, close to the Nebraska typical home.
Home values, sales, trends and how Elmwood compares with the towns next door — updated as new data is published.
Elmwood at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Elmwood | Nebraska |
|---|---|---|
| 2017 | $156,000 | $157,000 |
| 2018 | $171,000 | $167,000 |
| 2019 | $173,000 | $176,000 |
| 2020 | $177,000 | $187,000 |
| 2021 | $200,000 | $205,000 |
| 2022 | $222,000 | $227,000 |
| 2023 | $248,000 | $248,000 |
| 2024 | $253,000 | $259,000 |
| 2025 | $259,000 | $270,000 |
| 2026 | $270,000 | $278,000 |
| August 2026 | $276,000 | $281,000 |
No new homes permitted in 2010
No permits for new homes were issued in Elmwood in 2010. The last year with any was 2008 (1 new home).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $149,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 1 | 1 | 0 | $153,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 4 | 4 | 0 | $810,000 |
| 2003 | 1 | 1 | 0 | $80,000 |
| 2002 | 1 | 1 | 0 | $80,000 |
| 2001 | 12 | 2 | 10 | $400,000 |
| 2000 | 8 | 2 | 6 | $300,000 |
Elmwood's permit office didn't report to the Census in 2010, so the 2010 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Elmwood is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elmwood pay a median of $743, so moving in tends to cost more than staying put.
Studio $800 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (68349; Omaha-Council Bluffs, NE-IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.