Zip 60123 (Elgin, IL) Housing

The homes in 60123 Elgin, IL have a median value of $230,800, which is significantly lower than the US national average of $338,100. However, the 1 year house appreciation in this area is 9.73%, higher than the national average of 8.27%. This indicates that housing values are rising at a greater pace in Elgin compared to other parts of the country and could be an attractive option for potential buyers looking for a good return on their investment.

The median home cost in Elgin (zip 60123) is $230,800. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Elgin (zip 60123) is up 12.6%.

Average Age of Homes

- The median age of Elgin (zip 60123) real estate is 45 years old

The Rental Market in Elgin (zip 60123)

- Renters make up 34.1% of the Elgin (zip 60123) population
- 1.2% of houses and apartments in Elgin (zip 60123), 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	Elgin, Illinois	United States
	18,217.0	139,647,020.0
	47	42
	$230,800	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$26.72	$10.98
	$5,266	$2,690
	64.7%	57.4%
	3.6%	11.2%
	31.7%	31.4%
Vacant Housing
	1.2%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.2%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	1.4%	2.4%
	0.7%	2.8%
	1.3%	3.9%
	3.9%	4.5%
	13.0%	11.3%
	27.4%	13.0%
	37.1%	20.1%
	9.5%	13.6%
	0.8%	8.3%
	0.0%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.9%	13.6%
	7.9%	13.6%
	16.8%	13.6%
	12.6%	13.2%
	17.2%	14.8%
	16.8%	13.6%
	9.6%	10.0%
	4.6%	4.7%
	14.6%	12.2%

Reviews for Elgin

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Izzy · Elgin, IL

Roaches and management

Over 4 years ago

I’ve lived at 1216 Robinwood Drive and have had all promises and rarely received. It takes quite a bit of time for maintenance to be done, if done at all. Management More