Elgin, IL—60120
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$286,000
3.0% YoY Growth
Household Income
$80,300
38.8% YoY Growth
Days on Market
45
22.0% Longer YoY
Home Price Forecast
1.7%
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 Dec '25, the median home price in Elgin, IL is $286,000, with a year-over-year change of 3.0%. This indicates that home prices in Elgin, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 3.0% |
| Single Family | $292,000 | 2.8% |
| Condos | $238,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |