Why Live in Elmwood Park
Elmwood Park is a small village with just over 500 residents, fostering a close-knit community atmosphere. The village is bordered by Racine and Mount Pleasant, yet it remains independent, benefiting from lower taxes compared to neighboring municipalities. Elmwood Park features an eclectic mix of ranch-style homes, split-level houses, Tudor homes, and Cape Cods, many built between the mid-1900s and 1929. The community is committed to revitalizing its natural spaces through the Tree Surety Program, encouraging residents to plant new trees annually. Students attend schools in the Racine Unified School District, with options including Mitchell School and Park High School. The village's primary park, Kaiser Park, is within walking distance of many homes, and residents also enjoy nearby parks like Pritchard Park and the SC Johnson Community Aquatic Center. Elmwood Plaza Shopping Center serves as the commercial hub, offering grocery stores, pharmacies, and dining options such as Doobies Beer Joint & Sports Bar and Asian Buffet. Taylor Avenue and Lathrop Avenue provide access to state Route 11 and RYDE Racine bus stops. Community events include the Annual Elmwood Park Car & Bike Show, Easter Egg Hunt, Turkey Trot, and Tunes on Taylor, fostering a lively village life. Elmwood Park is safer than the national average, adding to its appeal for potential home buyers.
Frequently Asked Questions
What is the average home price in Elmwood Park, WI?
Homes for sale in Elmwood Park, WI have an average home price of $397,000.
How many homes have sold over the last 12 months in Elmwood Park, WI?
4 homes have sold in Elmwood Park, WI over the last 12 months.
What are the most popular zip codes in Elmwood Park, WI?
How much do you need to make to afford a house in Elmwood Park?
The median home price in Elmwood Park is $425,000. If you put a 20% down payment of $85,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K a year to afford the median home price in Elmwood Park.
How are the schools in Elmwood Park, WI?
Home Trends in Elmwood Park, WI
On average, homes in Elmwood Park, WI sell after 11 days on the market compared to the national average of 50 days. The median sale price for homes in Elmwood Park, WI over the last 12 months is $377,500, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$377,500
Median Single Family Sale Price
$405,000
Average Price Per Sq Ft
$171
Number of Homes for Sale
2
Last 12 months Home Sales
4
Median List Price
$425,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%