Zip 55932 (Elgin, MN) Housing

Housing in 55932 Elgin, MN has a median value of $284,600, which is lower than the national house median value of $338,100. Despite this difference, Elgin has seen a 1 year house appreciation of 6.78%, slightly below the national rate of 8.27%. This indicates that housing prices in Elgin have been steadily increasing despite being lower than the national average.

The median home cost in Elgin (zip 55932) is $284,600. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Elgin (zip 55932) is up 11.4%.

Average Age of Homes

- The median age of Elgin (zip 55932) real estate is 44 years old

The Rental Market in Elgin (zip 55932)

- Renters make up 15.9% of the Elgin (zip 55932) population
- 0.6% of houses and apartments in Elgin (zip 55932), 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, Minnesota	United States
	827.0	139,647,020.0
	41	42
	$284,600	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$10.82	$10.98
	$2,492	$2,690
	75.7%	57.4%
	4.4%	11.2%
	20.0%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.6%	3.9%
	2.6%	4.5%
	14.2%	11.3%
	25.2%	13.0%
	28.9%	20.1%
	8.3%	13.6%
	7.7%	8.3%
	3.4%	9.7%
	5.6%	3.9%
	2.2%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.4%	13.6%
	16.4%	13.6%
	17.2%	13.6%
	11.7%	13.2%
	18.9%	14.8%
	17.2%	13.6%
	2.3%	10.0%
	2.2%	4.7%
	21.4%	12.2%

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