2025 Compare Cities Housing:
Memphis, TN vs Elgin, IL

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Highlights
- The median age of a home in Memphis is 15.4% older than the median age of a home in Elgin.
 Memphis, TNElgin, ILUnited States
 Median Home Age52  Unlock42
 Median Home Cost  Unlock$264,200$338,100
 Home Appr. Last 12 months15.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock35.4%57.0%
 Home Appr. Last 10 yrs.97.4%  Unlock101.1%
 Property Tax Rate  Unlock$27.0$11.0
 Homes Owned40.2%  Unlock57.4%
 Housing Vacant  Unlock3.5%11.2%
 Homes Rented45.8%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Memphis, TNElgin, ILUnited States
 Average Rent  Unlock$1,850$1,840
 Studio Apartment$820  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,290$1,180
 2 Bedroom Home or Apartment$1,060  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,880$1,860
 4 Bedroom Home or Apartment$1,620  Unlock$2,160
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 Vacant Housing
 Memphis, TNElgin, ILUnited States
 Vacant For Rent  Unlock0.9%1.9%
 Vacant Rented0.9%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock0.1%3.6%
 Vacant Other8.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Memphis, TNElgin, ILUnited States
 Less Than $20,000  Unlock2.8%2.6%
 $20,000 to $39,9995.2%  Unlock2.4%
 $40,000 to $59,999  Unlock0.9%2.8%
 $60,000 to $79,99914.3%  Unlock3.9%
 $80,000 to $99,999  Unlock2.7%4.5%
 $100,000 to $149,99916.3%  Unlock11.3%
 $150,000 to $199,999  Unlock26.5%13.0%
 $200,000 to $299,99912.7%  Unlock20.1%
 $300,000 to $399,999  Unlock14.6%13.6%
 $400,000 to $499,9993.1%  Unlock8.3%
 $500,000 to $749,999  Unlock0.8%9.7%
 $750,000 to $999,9991.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.1%2.2%
 $1,500,000 to $1,999,9990.2%  Unlock0.8%
 $2,000,000 and over  Unlock0.1%1.1%
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 Housing Units By Year Built
 Memphis, TNElgin, ILUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock14.4%13.6%
 2000 to 20096.3%  Unlock13.6%
 1990 to 1999  Unlock16.6%13.6%
 1980 to 198912.2%  Unlock13.2%
 1970 to 1979  Unlock13.5%14.8%
 1960 to 19699.5%  Unlock13.6%
 1950 to 1959  Unlock7.2%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock19.4%12.2%
Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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Reviews for Elgin    9 Reviews

When I first moved to Elgin 2 years ago I did not like it. I lived in a mobile home park near the river and highway 90 in a senior community that over prices it's lot  More

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Hi, as a way of updating the post for Elgin and providing a rebuttal for some of the negative reviews, I've decided to post on this board. I've lived in Elgin since  More

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Over 15 years ago

I have lived in Elgin my whole life and it is very sad to read these comments about my town.... I'm a senior at South Elgin High School and I will be graduating this  More

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