equestId":"d181b786-92d4-480e-863f-8c5ff7478df1","resource":"content","data":[{"id":"txt_4932ff9ca7a945a7846312656a01d5a7","text":"\n \nThe housing median value in Elgin, IL (60120) is $226,200, which is significantly lower than the US House Median Value of $338,100. On the other hand, the one year house appreciation in Elgin, IL (60120) is 9.73%, higher than the US 1 year house appreciation of 8.27%. This indicates that Elgin's real estate market is growing and that it could be a great place to invest in property. With an affordable housing median value and high rate of appreciation, Elgin could be a desirable location for those looking to buy or rent property.
The median home cost in Elgin (zip 60120) is $226,200. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Elgin (zip 60120) is up 12.6%.
Average Age of Homes
- The median age of Elgin (zip 60120) real estate is 47 years old
The Rental Market in Elgin (zip 60120)
- Renters make up 29.9% of the Elgin (zip 60120) population
- 0.7% of houses and apartments in Elgin (zip 60120), 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.