South Elgin, IL Housing

The housing market in South Elgin, IL is doing quite well compared to the rest of the United States. The median value of a home in South Elgin is $304,000, which is significantly lower than the US median value of $338,100. However, the one year appreciation rate of homes in South Elgin has been 9.73%, which out performs the 8.27% rate that is seen across the country. Thus, it appears that South Elgin is an attractive place to live for those looking for a good deal on a home with potential for appreciation.

The median home cost in South Elgin is $304,000. Home appreciation the last 10 years has been 63.3%. Home Appreciation in South Elgin is up 12.6%.

Average Age of Homes

- The median age of South Elgin real estate is 23 years old

The Rental Market in South Elgin

- Renters make up 13.0% of the South Elgin population
- 0.0% of houses and apartments in South Elgin, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	South Elgin, Illinois	United States
	8,209.0	139,647,020.0
	26	42
	$304,000	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$25.77	$10.98
	$6,642	$2,690
	80.1%	57.4%
	2.3%	11.2%
	17.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	0.9%	4.5%
	7.9%	11.3%
	16.6%	13.0%
	36.1%	20.1%
	18.9%	13.6%
	10.8%	8.3%
	4.9%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	23.1%	13.6%
	23.1%	13.6%
	37.6%	13.6%
	5.7%	13.2%
	11.4%	14.8%
	37.6%	13.6%
	5.3%	10.0%
	0.3%	4.7%
	4.1%	12.2%