Zip 60177 (South Elgin, IL) Housing

The housing market in 60177 South Elgin, IL is booming with the median value of homes at $304,700. This is slightly lower than the US House Median Value of $338,100, but it has seen an impressive 9.73% 1 year appreciation rate compared to the 8.27% US 1 year house appreciation rate. With such high numbers for appreciation rate and a comparatively lower median value than the US as a whole, this area is great for prospective homebuyers looking to invest in real estate.

The median home cost in South Elgin (zip 60177) is $304,700. Home appreciation the last 10 years has been 63.3%. Home Appreciation in South Elgin (zip 60177) is up 12.6%.

Average Age of Homes

- The median age of South Elgin (zip 60177) real estate is 23 years old

The Rental Market in South Elgin (zip 60177)

- Renters make up 13.1% of the South Elgin (zip 60177) population
- 0.0% of houses and apartments in South Elgin (zip 60177), 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
	8,303.0	139,647,020.0
	26	42
	$304,700	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$25.72	$10.98
	$6,638	$2,690
	80.3%	57.4%
	2.3%	11.2%
	17.4%	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
	1.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	0.8%	4.5%
	7.8%	11.3%
	16.5%	13.0%
	36.3%	20.1%
	19.1%	13.6%
	9.6%	8.3%
	5.5%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	22.4%	13.6%
	22.4%	13.6%
	37.4%	13.6%
	5.8%	13.2%
	11.6%	14.8%
	37.4%	13.6%
	5.8%	10.0%
	0.3%	4.7%
	4.0%	12.2%