Elburn, IL—60119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elburn, IL
As of Oct '25, the median home price in Elburn, IL is $454,000, with a year-over-year change of 3.1%. This indicates that home prices in Elburn, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $454,000 | 3.1% |
| Single Family | $457,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 2.5% |
3 Bed | $410,000 | 3.3% |
4 Bed | $489,000 | 1.2% |
| 5 Bed | $566,000 | 1.3% |
% of Housing Stock
Rental Trends — Elburn, IL
As of July '25, Rentcast reports the average rent in Elburn, IL is $3,210, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in Elburn, IL is 2-bedrooms: $2,510, 3-bedrooms: $3,290, 4-bedrooms: $4,010. The most common rental property sizes in Elburn, IL are 2-bedroom and 3-bedroom, accounting for 52.5% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,480 | $3,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,040 | $2,510 |
| 3 Bed Rent | $3,480 | $3,290 |
| 4 Bed Rent | $3,950 | $4,010 |
% of Rental Stock
Property Listings — Elburn, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elburn, IL is 71. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | -7.0% |
Listing Count | 41 | -33.0% |
| Listings as % of Homes | 0.8% | -33.0% |
Days on Market | 71 | 26.0% |
Demographics — Elburn, IL
As of the latest ACS Survey released in 2023, Elburn, IL has a population of 11,000, which has increased by 7.0% over the past 5 years. Elburn, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 50.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | 7.0% |
% Under 18 | 23.5% | -10.3% |
% Seniors | 19.8% | 92.2% |
% WFH | 16.1% | 83.0% |
% w/ College Degree | 50.7% | 14.2% |
As of the latest ACS Survey released in 2023, Elburn, IL is a predominantly white area, with 90.2% of the population identifying as white. The white population has grown by 10.4% in the last 5 years. The second most common race or ethnicity in Elburn, IL is hispanic, making up 7.5% of the population. Foreign-born residents account for 1.5% of the population in Elburn, IL, and this percentage has decreased by 68.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.2% | 10.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 7.5% | -35.3% |
% Asian | 1.6% | -40.7% |
% Foreign Born | 1.5% | -68.8% |
Mortgage and Risk — Elburn, IL
According to HUD data as of 2023, there were 292 mortgage originations in Elburn, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Elburn, IL. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Elburn, IL
Elburn, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,840 |
| 2 Bedroom | -$960 | $3,040 | $2,080 |
| 3 Bedroom | -$810 | $3,480 | $2,670 |
| 4 Bedroom | -$810 | $3,950 | $3,140 |
Affordability — Elburn, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $454,000 |
| Median Household Income | $124,000 |