What are current home values in Elmwood, IL?

The median home value in Elmwood, IL is $191,668 as of June 2026. This represents a 0.1% decrease compared to last month and a 7.0% increase year-over-year.

How have home values changed in Elmwood, IL?

Home values in Elmwood, IL have decreased by 0.1% month-over-month and 7.0% year-over-year.

How do home values in Elmwood, IL compare to Peoria County, Illinois, and the national average?

The median home value in Elmwood, IL ($191,668) compares to: Peoria County ($167,273), Illinois ($298,871), and the U.S. national median ($372,995).

Elmwood, IL Housing Market

$191,668

7.0% 1-yr

The average Elmwood, IL home value is $191,668, up 7.0% over the past year. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Elmwood Key Takeaways

Typical Home Values: $191,668

1-Year Value Change: +7%

(Data through June 30, 2026)

Elmwood Housing Market Overview

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New Listings: --

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(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Elmwood

NameMedian ZHVI
Smithville--
Monica--
West Bluff$83,363
Downtown Peoria$118,911
East Bluff$75,764
North Valley$43,550
Nekoma--
Cable--
Walton Hills$378,643

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Elmwood Rental Market Trends

Average Rent: --

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.