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Elgin, OK Real Estate


According to census data in the year 2000 there were 485 housing units in Elgin. This represents a 12% growth from 433 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 485 were located in what is classified as a rural area.

Homeownership rate in Elgin is about 72.1%. Elgin's vacancy rate, including seasonal lodging, is about 7.6%. Average household size is 2.67 people.

The majority of houses, apartments or condos in Elgin were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom10.10%
Two Bedrooms25.60%
Three Bedrooms54%
Four Bedrooms8.50%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1971
Median Value of occupied units$61,100
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1976
Median Monthly Rent asked for vacant units$283

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.70%
Home Equity Loan1.10%
Simple Mortgage54.20%
Debt Free36.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%