Elwood, Kansas is a small village with a welcoming community. If you are considering homeownership in the village, there are several benefits you can enjoy:

1. Lower cost of living: According to BestPlaces, the cost of living in Elwood is more affordable compared to other cities in the United States. This means that you can save money on things like groceries, housing, transportation, and other living expenses.

2. A stable real estate market: Elwood's real estate market has remained stable over the years, which is beneficial for homeowners who want to invest in the area. Also, the village is located close to larger cities, which can increase the value of your property over time.

3. Affordable home prices: Compared to other areas within the state, the average home price in Elwood is relatively affordable. This means you can find a good deal on your dream home within your budget.

4. Small and close-knit community: Elwood is a small village, and the intimate size can offer you a sense of community and a chance to build lasting relationships with your neighbors.

5. Lower property taxes: Kansas's property tax rate is lower compared to several other states, so it can be a relief to own a property in Elwood knowing that the property tax may be lower than in other jurisdictions.