Housing · Elgin
Elgin, IL housing market
The typical Elgin home is worth about $340,000, up 4.4% in a year, 14% above the Illinois typical home.
Home values, sales, trends and how Elgin compares with the towns next door — updated as new data is published.
The market right now
Elgin at a glance
Typical home value
$340K
▲ 4.4% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
ElginIllinois
Show as a table
| January | Elgin | Illinois |
|---|---|---|
| 2017 | $189,000 | $181,000 |
| 2018 | $204,000 | $190,000 |
| 2019 | $214,000 | $195,000 |
| 2020 | $219,000 | $200,000 |
| 2021 | $233,000 | $215,000 |
| 2022 | $261,000 | $236,000 |
| 2023 | $278,000 | $248,000 |
| 2024 | $301,000 | $263,000 |
| 2025 | $321,000 | $278,000 |
| 2026 | $330,000 | $290,000 |
| August 2026 | $340,000 | $298,000 |
Nearby
Elgin and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Elgin | $340K | +4.4% | — | $92,771 |
| St. Charles | $480K | +6.3% | — | $128,204 |
| Elgin | — | — | 48 | $90,282 |
| South Elgin | $377K | +4.9% | 50 | $127,203 |
Affordability
3.7 years of income
The typical Elgin home costs about 3.7 years of the town's median household income, about the same as across Illinois (3.6).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
72.5%
Illinois: 67.1%
Median tax bill
$6,441
Illinois: $5,298
Median rent
$1,374
Illinois: $1,274
Typical home built
1976
Illinois: 1971
U.S. Census Bureau, ACS 2020-2024.
On the market
Recent listings in Elgin
Listed in the past 60 days. Each opens on the listing site.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.