Elwood, NE housing market
The typical Elwood home is worth about $425,000, up 5% in a year, 52% above the Nebraska typical home.
Home values, sales, trends and how Elwood compares with the towns next door — updated as new data is published.
Elwood at a glance
Typical home value, 2016–2026
Show as a table
| January | Elwood | Nebraska |
|---|---|---|
| 2017 | $228,000 | $157,000 |
| 2018 | $241,000 | $167,000 |
| 2019 | $255,000 | $176,000 |
| 2020 | $266,000 | $187,000 |
| 2021 | $289,000 | $205,000 |
| 2022 | $289,000 | $227,000 |
| 2023 | $323,000 | $248,000 |
| 2024 | $356,000 | $259,000 |
| 2025 | $382,000 | $270,000 |
| 2026 | $420,000 | $278,000 |
| August 2026 | $425,000 | $281,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Elwood in 2025. Over the past 10 years, Elwood has permitted 8 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $342,000 |
| 2025 | 1 | 1 | 0 | $342,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $303,000 |
| 2022 | 1 | 1 | 0 | $274,000 |
| 2021 | 2 | 2 | 0 | $455,000 |
| 2020 | 2 | 2 | 0 | $486,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $151,000 |
| 2015 | 2 | 2 | 0 | $425,000 |
| 2014 | 1 | 1 | 0 | $195,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
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 $960
HUD's Fair Market Rent for a two-bedroom in Elwood is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Elwood pay a median of $750, so moving in tends to cost more than staying put.
Studio $670 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (68937; Dawson County, NE), 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. 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.