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City · 11,762 residents · Suffolk County, New York

Elwood , New York

In Elwood, a typical home is worth $689,500 and typical rent is $2,064 a month. Compared with all of Suffolk County, typical household income is 35% higher, the typical home value is 19% higher, and the share of households that own their home is 13 points higher.

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  • Typical home value

    $689,500

    19% above the county

    63% above New York

    • Elwood
    • Suffolk
    • New York

  • Typical rent

    $2,064a month

    8% below the county

    27% above New York

    • Elwood
    • Suffolk
    • New York

  • Typical household income

    $177,003a year

    35% above the county

    106% above New York

    • Elwood
    • Suffolk
    • New York

  • Households that own their home

    95%

    13 points above the county

    40 points above New York

    • Elwood
    • Suffolk
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Elwood is in Suffolk County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Suffolk County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elwood apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Elwood is $177,003, 35% more than in Suffolk County as a whole ($130,686).

  2. 95% of households in Elwood own their home, against 82% in Suffolk County.

  3. The typical home in Elwood is worth $689,500, 19% more than in Suffolk County as a whole ($578,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Elwood

What homes there are in Elwood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Elwood, 9 in 10 homes are single-family detached houses; in Suffolk County, 8.

Year built

The typical home in Elwood was built in 1964, 6 years before the typical one in Suffolk County.

In Elwood, 87% of homes have 3 bedrooms or more, more than in Suffolk County (73%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,973 a month

Suffolk County: $3,320 a month

Owners with a mortgage

58%

Suffolk County: 62%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Elwood rose 28%; in Suffolk County, it rose 46%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElwoodSuffolk CountyNew YorkUnited States
Rental vacancy Unreliable estimate4.1%3.8%5.5%
Homeowner vacancy Unreliable estimate0.6%1.1%0.9%
More than one person per room Unreliable estimate2.8%5.3%3.4%
People per household 2.922.932.492.53
Drive alone 61%72%49%69%
Carpool 7%8%6%9%
Public transit 10%5%22%3%
Walk or bike Unreliable estimate2%6%3%
Work from home 22%12%15%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Elwood look like those in Suffolk County: 2.92 people on average.

In Elwood, 22% of workers work from home, more than in Suffolk County (12%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elwood?

A typical home costs more than the typical income allows

We start with a typical home in Elwood, worth $689,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Elwood, which is $177,003 a year. For that payment to be 28% of income, a household would need to earn about $257,645 a year.

The calculator's FHA and conventional loan limits are those of all of Suffolk County.

Your numbers

Local data
$

Starts at the typical home value in Elwood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $24,133 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$6,012

at 7.18% · 30 years

Loan amount
$677,011
Total interest
$974,060
Paid off in
November 2056

Includes $11,644 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $4,130 a month

  • Tight

    $4,130 to $5,310 a month

  • Hard

    more than $5,310 a month

    Your payment · 41%

Compared with the typical household income in Elwood ($177,003 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$6,012
Principal & interest$4,586
Property tax$833
Home insurance$287
FHA mortgage insurance (MIP)$305

You need at least $24,133 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elwood and Suffolk County

Elwood is in Suffolk County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elwood's own numbers

Typical home value
$689,500
Typical monthly rent
$2,064
Typical yearly household income
$177,003
Households that own their home
95%
Effective property tax rate
1.45%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Suffolk County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,689
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
4.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Suffolk County.

Everything about Suffolk County

Buying

Buying a home in Elwood

A typical home in Elwood is worth $689,500: 19% above the county and 63% above New York. With the typical household income in Elwood ($177,003 a year), a typical home costs 3.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elwood 3.9 years
  • Suffolk 4.4 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Suffolk County

According to FHFA’s house price index, home prices in Suffolk County rose 92% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Suffolk County.

Period County New York U.S.
Last year (2025) +5.4% +6.0% +2.9%
5 years (2020–2025) +54% +52% +47%
10 years (2015–2025) +92% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elwood next to Suffolk County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elwood $689,500
  • Suffolk $578,400
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Elwood $2,064
  • Suffolk $2,255
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Elwood $177,003
  • Suffolk $130,686
  • New York $85,974
  • United States $80,734
See the full table
Elwood next to Suffolk County and New York
Measure Elwood Suffolk County New York U.S.
Typical home value $689,500 $578,400 $423,800 $332,700
Typical monthly rent $2,064 $2,255 $1,621 $1,413
Typical yearly household income $177,003 $130,686 $85,974 $80,734
Households that own their home 95% 82% 54% 65%
Typical yearly property tax $10,001 $10,001 $6,582 $3,119
Effective property tax rate 1.45% 1.73% 1.55% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Suffolk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elwood

For a typical $689,500 home in Elwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elwood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $6,012a month

    Least cash to close
    Down payment
    $24,133
    Cash to close
    $44,818
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $305

  • Conventional, 5% down $5,885a month

    Down payment
    $34,475
    Cash to close
    $55,160
    Rate
    7.18%
    Mortgage insurance
    PMI · $328

  • Conventional, 20% down, no PMI $4,857a month

    Down payment
    $137,900
    Cash to close
    $158,585
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,495a month

    Down payment
    $103,425
    Cash to close
    $124,110
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elwood and for Suffolk County.

Property tax

Effective rate in Elwood

1.45%of the home’s value each year

$10,001 a year for the typical owner in Elwood.

  • Elwood 1.45%
  • Suffolk 1.73%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Suffolk County

FEMA does not publish these numbers by city: they are for all of Suffolk County.

Homes in the high-risk zone
4.3%
21,119
Of those, with NFIP insurance
66%
County New York U.S.
Homes in the high-risk zone 4.3% 2% 3.5%
Of those, with NFIP insurance 66% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elwood

Typical rent in Elwood is $2,064 a month: 8% below the county.

HUD publishes a fair market rent for all of Suffolk County, by unit size. To pay the 2-bedroom one ($2,689 a month) without spending more than 30% of your income, you would need to earn $51.71 an hour working full time.

HUD fair market rent for all of Suffolk County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,964 $37.77 $78,560
1 bedroom $2,285 $43.94 $91,400
2 bedrooms $2,689 $51.71 $107,560
3 bedrooms $3,458 $66.50 $138,320
4 bedrooms $3,671 $70.60 $146,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elwood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elwood has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,740 in 11731 to $2,940 in 11743.

2 of the 2 are above the fair market rent for Suffolk County ($2,689).

  • 11731 $2,740$3,520
  • 11743 $2,940$3,780

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Elwood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 10 HUD-approved agencies with an office in Suffolk County; 4 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Elwood

No down payment, repair or rent-help program on our list is for Elwood or Suffolk County. The ones below are statewide in New York: they work in Elwood the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Elwood

The HUD-approved agencies closest to the center of Elwood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Help, Incorporated

    147 Matinecock Ct, East Northport · 1 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 2 more
    (631) 754-0373

  • The Safeguard Group - Housing & Debt Advisors

    67 Fort Salonga Rd, Northport · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (800) 673-6993

  • Long Island Housing Partnership, Inc.

    180 Oser Ave, Hauppauge · 5 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (631) 435-4710

Every agency in Suffolk County All counseling agencies in New York

Help in Spanish near Elwood

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elwood

In HUD’s record, no housing authority with an office in Suffolk County is named for Elwood or Suffolk County.

13 other authorities have an office in Suffolk County: see the list Source: HUD

Cities

Other cities in Suffolk County

These cities are also in Suffolk County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Suffolk County Housing in New York
See 72 more cities in Suffolk County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Elwood, with the typical home value.

Neighboring counties

If Suffolk County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elwood.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Elwood

Short answers with the numbers for Elwood and all of Suffolk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elwood?

The typical home value in Elwood is $689,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Suffolk County it is $578,400.

How much does it cost to rent in Elwood?

Typical rent in Elwood is $2,064 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Suffolk County is $2,689.

What is the FHA loan limit in Elwood?

Elwood uses the FHA limit for all of Suffolk County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Elwood?

The typical homeowner in Elwood pays $10,001 a year, according to the U.S. Census Bureau. That is 1.45% of the home’s value; in Suffolk County, the rate is 1.73%.

Where can I find free help to buy or rent in Elwood?

There are 10 HUD-approved counseling agencies with an office in Suffolk County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).