Elgin, IL—60120
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$307,000
3.4% YoY Growth
Household Income
$80,300
38.8% YoY Growth
Days on Market
24
0.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,800
3.3% YoY Growth
1-Bed Rent
$1,390
25.2% YoY Growth
2-Bed Rent
$2,000
11.9% YoY Growth
3-Bed Rent
$2,640
1.7% YoY Growth
Home Price Trends — Elgin, IL
As of May '26, the median home price in Elgin, IL is $307,000, with a year-over-year change of 3.4%. This indicates that home prices in Elgin, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 3.4% |
| Single Family | $315,000 | 4.0% |
| Condos | $251,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |