Elwood, a tight-knit community located in Will County, Illinois, offers a unique blend of rural charm and modern convenience. Known for its affordable housing, strong community spirit, and proximity to larger urban centers like Joliet and Chicago, Elwood is an excellent choice for families, retirees, and professionals alike. This article explores the best residential areas in Elwood, highlighting their characteristics, housing options, and average prices.
Table of Contents
Downtown Elwood
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Downtown Elwood serves as the central hub of the community, featuring various local businesses, restaurants, and services. It's ideal for residents who appreciate a vibrant atmosphere with easy access to amenities.
Characteristics of the Downtown Elwood
* Culture: Community events, local boutiques, and restaurants
* Transportation: Good access to major highways and public transportation
* Services: Grocery stores, healthcare facilities, and parks
* Environment: Lively and community-oriented
Housing Options in the Downtown Elwood
Single-family homes, Townhouses
Average Home Prices in the Downtown Elwood
* Buying: $200,000 – $300,000
* Renting: $1,200 – $1,800/month
Brookside Estates
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Brookside Estates is a newer residential community that offers spacious homes and family-friendly amenities. Residents enjoy well-maintained parks, walking trails, and a sense of security.
Characteristics of the Brookside Estates
* Culture: Family-oriented with community events and activities
* Transportation: Car-dependent, with nearby access to interstate highways
* Services: Local schools, shopping centers, and recreational facilities
* Environment: Quiet and suburban
Housing Options in the Brookside Estates
Single-family homes, Modern townhomes
Average Home Prices in the Brookside Estates
* Buying: $250,000 – $350,000
* Renting: $1,500 – $2,200/month
Elwood Industrial Park Area
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The Elwood Industrial Park Area is primarily an industrial zone, but it also provides a unique living experience for those working in logistics and manufacturing. It features modern apartments and proximity to job opportunities.
Characteristics of the Elwood Industrial Park Area
* Culture: Industrial and economic growth, convenient for workers
* Transportation: Excellent access to major roadways and public transit options
* Services: Limited residential services, but close to employment opportunities
* Environment: Busy and industrial
Housing Options in the Elwood Industrial Park Area
Apartments, Loft-style living
Average Home Prices in the Elwood Industrial Park Area
* Buying: $180,000 – $240,000
* Renting: $1,100 – $1,600/month
Lakewood Subdivision
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Lakewood Subdivision is a serene neighborhood known for its beautiful scenery and waterfront properties. It's ideal for those who enjoy nature and want to live in a scenic environment.
Characteristics of the Lakewood Subdivision
* Culture: Nature-oriented with scenic parks and trails
* Transportation: Car required, suburban roads
* Services: Minimal, but close to Elwood's downtown amenities
* Environment: Tranquil and picturesque
Housing Options in the Lakewood Subdivision
Single-family homes, Waterfront cottages
Average Home Prices in the Lakewood Subdivision
* Buying: $220,000 – $320,000
* Renting: $1,300 – $1,900/month
Rolling Acres
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Rolling Acres is a quaint neighborhood characterized by its spacious lots and friendly neighbors. It offers residents a peaceful suburban lifestyle with quick access to essential services.
Characteristics of the Rolling Acres
* Culture: Family-friendly atmosphere with local gatherings
* Transportation: Accessible via personal vehicles, near train stations
* Services: Schools, parks, and shopping within a short drive
* Environment: Friendly and welcoming
Housing Options in the Rolling Acres
Single-family homes, Larger properties
Average Home Prices in the Rolling Acres
* Buying: $210,000 – $310,000
* Renting: $1,200 – $1,800/month
Heritage Estates
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Heritage Estates is a well-established neighborhood that boasts mature landscaping and a tight-knit community feel. It's perfect for those looking for a friendly environment with a variety of housing options.
Characteristics of the Heritage Estates
* Culture: Strong community bonds with seasonal events
* Transportation: Good accessibility to highways and public transport
* Services: Local shops, schools, and healthcare nearby
* Environment: Warm and inviting
Housing Options in the Heritage Estates
Single-family homes, Vintage properties
Average Home Prices in the Heritage Estates
* Buying: $230,000 – $330,000
* Renting: $1,400 – $2,000/month
Frequently Asked Questions About the Best Residential Areas in Elwood:
The best residential areas in Elwood include Downtown Elwood, Brookside Estates, Elwood Industrial Park Area, Lakewood Subdivision, Rolling Acres, and Heritage Estates.
Brookside Estates and Rolling Acres are particularly family-friendly, offering spacious homes and community activities.
The Elwood Industrial Park Area offers more affordable housing options, especially for those who work in nearby industries.
Downtown Elwood provides the best access to shops, restaurants, and healthcare facilities.
Average home prices in Elwood range from $200,000 to $350,000 depending on the neighborhood and housing type.
Yes, Elwood is served by several quality schools that cater to families and children of all ages.
Elwood offers various parks, walking trails, and community events that promote outdoor activities and family-friendly fun.
Elwood is generally considered a safe community, with active involvement from residents in neighborhood watch programs and community safety initiatives.
Rental prices in Elwood vary, averaging between $1,100 and $2,200 per month depending on the area and type of home.
Elwood has a warm, welcoming community vibe with active participation in local events and a strong sense of neighborhood belonging.
Conclusion on the Best Residential Areas in Elwood:
Elwood offers a variety of residential neighborhoods, each with its unique features and advantages. Whether you prefer the bustling atmosphere of Downtown Elwood, the family-friendly feel of Brookside Estates and Rolling Acres, or the serene setting of Lakewood Subdivision, there is something for everyone. Residents enjoy a tight-knit community atmosphere, beautiful surroundings, and convenient access to essential services. Elwood represents an attractive option for those seeking affordable living while still being near larger urban amenities.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.