Elgin, MN is a small town in the state of Minnesota with a population of around 5,000. The median value of housing in Elgin is $301,600 which is slightly lower than the US house median value of $338,100. Despite being lower than the US average, it has still appreciated at a rate of 6.78% over the past year which is not too far off from the US 1-year house appreciation rate of 8.27%. This suggests that Elgin is still a desirable place to live for those looking for affordable housing options.
The median home cost in Elgin is $301,600. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Elgin is up 11.4%.
Average Age of Homes
- The median age of Elgin real estate is 45 years old
The Rental Market in Elgin
- Renters make up 19.5% of the Elgin population
- 0.0% of houses and apartments in 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.