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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 13.70% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $141,400 |
| Median Price asked for vacant units | $141,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $638 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 63% |
| Debt Free | 18.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.8% |
