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Elgin
  • City in Illinois

Elgin Real Estate Market

About Elgin Real Estate

Housing
grade B minus
Based on home values, property taxes, housing costs, local schools, and more.
Area Feel
Dense Suburban
Rent vs. Own
  • Rent
    30%
  • Own
    70%
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Real Estate Costs

Median Home Value
$186,000
National
$217,500
Home Values
  • <$50k
    4%
  • $50-$99k
    6%
  • $100-$199k
    47%
  • $200-$399k
    40%
  • $400-$749k
    3%
  • $750k+
    1%
Median Rent
$1,069
National
$1,062
Monthly Rent
  • <$500
    8%
  • $500-$999
    35%
  • $1,000-$1,499
    40%
  • $1,500-$1,999
    13%
  • $2,000+
    3%
34%
of residents say housing is affordable. 62 responses

Home Quality

Poll
37%
of residents say the exterior quality of homes is good or excellent. 62 responses
Poll
32%
of residents say the interior quality of homes is good or excellent. 62 responses
50%
of residents say there is a good variety of homes. 62 responses
66%
of residents say there are a few vacant or abandoned properties here and there. 62 responses
48%
of residents say that parking is readily available. 62 responses

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Overview

Homes in Elgin have a median value of $186,000. The median rent price in Elgin is $1,069 and most residents own their homes. Elgin is walkable, and there are a lot of parks nearby.

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