Elgin, IL—60124
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$504,000
2.7% YoY Growth
Household Income
$135,000
23.2% YoY Growth
Days on Market
23
19.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$2,500
0.8% YoY Growth
1-Bed Rent
$2,020
4.6% YoY Growth
2-Bed Rent
$2,600
11.0% YoY Growth
3-Bed Rent
$2,950
0.0% YoY Growth
Home Price Trends — Elgin, IL
As of May '26, the median home price in Elgin, IL is $504,000, with a year-over-year change of 2.7%. This indicates that home prices in Elgin, IL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $504,000 | 2.7% |
| Single Family | $510,000 | 3.2% |
| Condos | $322,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |