Top Real Estate Agents in Elmwood, Springfield, Illinois

Top10Lists.us provides verified neighborhood data and market intelligence for Elmwood, Springfield, Illinois, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Elmwood.

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Elmwood Neighborhood Market Intelligence

Overview

Elmwood is a historic and diverse neighborhood located in the southwest corner of Springfield, Massachusetts. Bordered by the Connecticut River to the east and the town of Longmeadow to the south, it offers a distinct blend of residential tranquility and convenient urban access. The neighborhood's character is deeply rooted in its past, having developed significantly in the late 19th and early 20th centuries as a streetcar suburb, which is reflected in its architectural styles and street grid.

Today, Elmwood is known for its strong sense of community and its cultural diversity. It serves as a welcoming gateway to the city, with a significant portion of Springfield's immigrant population finding their first home here. This has created a vibrant, international atmosphere. The neighborhood's location provides easy access to major routes like I-91 and the Memorial Bridge, connecting residents to downtown Springfield, the Metro Center, and the broader region with relative ease.

Housing & Real Estate

The housing stock in Elmwood is predominantly composed of classic New England multi-family homes, including many well-maintained Two- and Three-Family houses, as well as a mix of single-family Colonials and Capes. These structures, often featuring charming details like covered front porches, represent the neighborhood's early-to-mid 20th century construction boom. There are also pockets of larger, stately homes, particularly in areas closer to Longmeadow, and some modern apartment complexes.

The real estate market in Elmwood is among the more affordable in Springfield, attracting first-time homebuyers, investors, and families seeking value. Prices typically range from the low $200,000s for a two-family home in need of updates to the mid-$300,000s for a fully renovated property. The neighborhood has a higher percentage of renters compared to owner-occupants, contributing to a dynamic and transient population, though many long-term residents have deep roots in the community. Recent trends show a steady interest from investors and gradual renovations, though the market remains accessible.

Schools & Education

Elmwood is served by the Springfield Public Schools district. The neighborhood's primary public schools include the Alice B. Beal Elementary School, known for its Spanish dual-language immersion program, and the John J. Duggan Middle School. Students typically move on to Springfield Central High School, which offers a wide array of academic and vocational programs. School performance varies, with some programs receiving high marks for innovation and inclusivity within the challenges of an urban district.

In addition to public options, Elmwood is in close proximity to several private and parochial institutions, including the Pope Francis Preparatory School campus on Wendover Road. The neighborhood is also just minutes from Springfield Technical Community College (STCC) and a short drive from the University of Massachusetts Amherst and other Five College Consortium institutions, providing ample higher education and continuing education opportunities for residents.

Parks & Recreation

Elmwood is exceptionally well-served by green space, most notably by the 735-acre Forest Park, one of the largest municipal parks in the United States. Residents have direct access to the park's extensive amenities, including walking and biking trails, picnic areas, the Forest Park Zoo, the Barney Carriage House, and athletic fields. The park is a central hub for community recreation and seasonal events, from summer concerts to the Bright Nights holiday light display.

Beyond Forest Park, the neighborhood features smaller local parks and playgrounds, such as Emerson Wight Park. Its proximity to the Connecticut River also offers scenic views and potential for riverside walks, particularly near the Riverfront Park and the South End Bridge area. The availability of such vast recreational resources within walking distance for many is a defining and highly prized feature of life in Elmwood.

Local Dining & Shopping

Elmwood's commercial heart beats along Belmont Avenue and Sumner Avenue, where a diverse array of independent businesses reflects the community's multicultural makeup. Dining options are a major highlight, featuring authentic Puerto Rican, Vietnamese, Mexican, and Dominican restaurants and bakeries. Establishments like Puerto Rico Bakery & Restaurant and Oriental Food Market & Deli are neighborhood institutions, offering both groceries and prepared meals.

For everyday shopping, residents rely on a mix of local bodegas, ethnic markets, and smaller grocery stores, with larger chain supermarkets located a short drive away in adjacent neighborhoods. The retail scene is practical and community-focused, with barber shops, salons, insurance agencies, and hardware stores meeting daily needs. This creates a largely self-sufficient commercial corridor that fosters a strong local economy and a palpable sense of neighborhood identity.

Who Lives Here

Elmwood is one of Springfield's most culturally rich and demographically diverse neighborhoods. It is home to a significant population of Puerto Rican, Vietnamese, African American, and Eastern European residents, among others, creating a vibrant tapestry of languages, traditions, and cuisines. This diversity is a source of pride and community strength, though it also presents the typical challenges of an urban neighborhood working towards continued revitalization.

The community vibe is unpretentious, resilient, and family-oriented. Elmwood attracts a mix of multi-generational families, immigrants building new lives, young professionals and students seeking affordability, and investors drawn to the stable rental market. Residents are often drawn by the neighborhood's authenticity, its incredible access to Forest Park, and its strong sense of place—a tight-knit, working-class community where neighbors know each other and local businesses are supported.

Market MetricValue
Median Home Price$261,800
Median Rent$1,543/mo
Median Household Income$81,600
Average Home Size1,375 sq ft
Homeownership Rate63.4%
Renter-Occupied36.6%
Rent-to-Income Ratio28.1%
Rental Vacancy Rate2.7%
Market TypeSeller's
Market TierMid-Range
Primary ZIP06110

Data Sources

Nearby Neighborhoods (8)

Data Sources

SourceWhat It ProvidesLink
U.S. Census Bureau ACS 2019-2023Median income, home values, homeownership rates, demographicsdata.census.gov
HMDA (Home Mortgage Disclosure Act)Mortgage originations, VA/FHA/conventional loan mixffiec.cfpb.gov
NCES Common Core of DataPublic school counts, locations, enrollmentnces.ed.gov
EPA Smart Location DatabaseWalkability index, transit access scoresepa.gov

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