Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Elgin city, Illinois?
City · Census ACS 5-Year estimates
The median home value in Elgin city, Illinois is $273,000 (±$6,383), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,361/month, and the median household income is $90,282/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Elgin city, Illinois
| Metric | Value |
|---|---|
| Median Home Value | $273,000 |
| Median Gross Rent | $1,361 |
| Median Household Income | $90,282 |
| Total Housing Units | 39,317 |
| Renter-Occupied Units | 11,029 |
| Renter-Occupied Share | 28% |
How does Elgin city, Illinois compare?
Median home value ranked against all cities in Illinois.
Higher home value than 85% of cities in Illinois · 212th of 1372
| # | City | Value |
|---|---|---|
| 1 | Kenilworth village | $1,560,300 |
| 2 | Glencoe village | $1,432,500 |
| 3 | Winnetka village | $1,337,800 |
| … 208 more … | ||
| 212 | Elgin city(you are here) | $273,000 |
| … 1157 more … | ||
| 1370 | Wamac city | $20,100 |
| 1371 | Maunie village | $18,800 |
| 1372 | Oak Grove village | $14,200 |
More data for Elgin city, Illinois
Frequently asked questions
What is the median home value in Elgin city, Illinois?
The median home value in Elgin city, Illinois is $273,000, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Elgin city, Illinois?
The median gross rent in Elgin city, Illinois is $1,361/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Elgin city, Illinois?
The median household income in Elgin city, Illinois is $90,282/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $273,000 has a margin of error of ±$6,383. In very small areas, MOEs can be large relative to the estimate.
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