Zip 60124 (Elgin, IL) Housing

The housing in Elgin, IL (zip code 60124) is quite desirable due to its higher median value of $409,400 - nearly $71,300 more than the US median value of $338,100. The 1 year house appreciation rate of 9.73% for housing in this area is also quite impressive when compared to the national appreciation rate of 8.27%. With such an attractive housing market, it's no surprise that many people are looking to buy property in this area.

The median home cost in Elgin (zip 60124) is $409,400. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Elgin (zip 60124) is up 12.6%.

Average Age of Homes

- The median age of Elgin (zip 60124) real estate is 15 years old

The Rental Market in Elgin (zip 60124)

- Renters make up 9.4% of the Elgin (zip 60124) population
- 0.0% of houses and apartments in Elgin (zip 60124), 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
	8,744.0	139,647,020.0
	19	42
	$409,400	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$27.39	$10.98
	$9,083	$2,690
	96.7%	57.4%
	0.0%	11.2%
	3.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.0%	4.5%
	0.2%	11.3%
	5.1%	13.0%
	30.0%	20.1%
	43.8%	13.6%
	10.9%	8.3%
	5.3%	9.7%
	1.9%	3.9%
	1.7%	2.2%
	0.3%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	39.3%	13.6%
	39.3%	13.6%
	21.3%	13.6%
	7.2%	13.2%
	9.6%	14.8%
	21.3%	13.6%
	0.2%	10.0%
	0.6%	4.7%
	0.6%	12.2%

Reviews for Elgin

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Joan · Lake St. Louis, MO

Elgin 60124

Over 1 years ago

This is a beautiful area with really nice homes and neighborhoods, west of the city of elgin. Very convienent near main shopping and places to eat but also still quiet More