Elgin, IL—60123
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$318,000
4.0% YoY Growth
Household Income
$86,800
40.7% YoY Growth
Days on Market
31
28.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$1,550
7.8% YoY Growth
1-Bed Rent
$1,380
16.5% YoY Growth
2-Bed Rent
$1,750
2.5% YoY Growth
3-Bed Rent
$2,350
2.8% YoY Growth
Home Price Trends — Elgin, IL
As of May '26, the median home price in Elgin, IL is $318,000, with a year-over-year change of 4.0%. 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 | $318,000 | 4.0% |
| Single Family | $329,000 | 4.1% |
| Condos | $237,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |