Elgin, IL Real Estate

According to census data in the year 2000 there were 32,702 housing units in Elgin. This represents a 17.1% growth from 27,936 in 1990.

Of those housing units, 32,699 were located in either urbanized areas or urban clusters, and 3 were located in what is classified as a rural area.

Homeownership rate in Elgin is about 70.3%. Elgin's vacancy rate, including seasonal lodging, is about 3.6%. Average household size is 2.92 people.

The majority of houses, apartments or condos in Elgin were built after 1969.


Housing Size

Housing Units by Size
Studio Type3.20%
One Bedroom13.70%
Two Bedrooms31.70%
Three Bedrooms34.70%
Four Bedrooms14.20%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1971
Median Value of occupied units$141,400
Median Price asked for vacant units$141,700

Rented Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1965
Median Monthly Rent asked for vacant units$638

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage6.60%
Home Equity Loan11.90%
Simple Mortgage63%
Debt Free18.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.8%