A typical Elwood home is worth about $573,000
Up 1.5% in a year, 7% above the Utah typical home.
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Elwood?
Read from the numbers below. The page puts what stands out first.
94% of Elwood households own their home
Half of Elwood’s homes were built before 1997.
Utah: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home values since 2024
Typical home value by month.
Show as a table
| January | Elwood | Utah |
|---|---|---|
| 2024 | $529,000 | $516,000 |
| 2025 | $560,000 | $528,000 |
| 2026 | $575,000 | $538,000 |
| August 2026 | $573,000 | $535,000 |
A typical Elwood home worth $529K in January 2024 is worth about $573K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 5.6 years of income
About the same as across Utah. Try your own numbers below.
That’s $149K short of a typical Elwood home.
A two-bedroom rents for about $1,200 a month here, $2,010 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Elwood’s typical property tax (0.44% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,200
Renters already here pay a median of $1,333.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Box Elder County, UT): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
13 new homes permitted in 2025
Builders were permitted 13 new homes in Elwood in 2025, all single-family houses, worth about $4.1 million to build. That's 8.4 per 1,000 residents, about the pace of Utah as a whole. Over the past 10 years, Elwood has permitted 78 homes in all.
Between the 2010 and 2020 censuses, Elwood gained 139 residents while 7 new homes were permitted: about 20 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Utah: 2.7 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 9 | 9 | 0 | $2.8 million |
| 2025 | 13 | 13 | 0 | $4.1 million |
| 2024 | 16 | 16 | 0 | $5 million |
| 2023 | 12 | 12 | 0 | $3.3 million |
| 2022 | 12 | 12 | 0 | $3.3 million |
| 2021 | 13 | 13 | 0 | $3.6 million |
| 2020 | 12 | 12 | 0 | $3.3 million |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $211,000 |
| 2011 | 3 | 3 | 0 | $632,000 |
| 2010 | 3 | 3 | 0 | $586,000 |
| 2009 | 5 | 5 | 0 | $871,000 |
| 2008 | 3 | 3 | 0 | $473,000 |
| 2007 | 16 | 16 | 0 | $2.2 million |
| 2006 | 14 | 14 | 0 | $1.9 million |
| 2005 | 19 | 19 | 0 | $2.4 million |
| 2004 | 14 | 14 | 0 | $1.6 million |
| 2003 | 17 | 17 | 0 | $2 million |
| 2002 | 2 | 2 | 0 | $177,000 |
Elwood's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Elwood vs. its neighbors
Elwood is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Elwood | $573K | +1.5% | $1,200 | 13 | $101,771 |
| Deweyville | $601K | +4% | $1,130 | 4 | $88,750 |
| Tremonton | $424K | +1.1% | $1,200 | 107 | $74,741 |
| Honeyville | $539K | +1.9% | $1,160 | 10 | $87,083 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Elwood buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.