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 Units by Size|
|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
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||11.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.8%|