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Elgin, IA
Full City Profile · Iowa · Fayette County County
3.5
/5.0
B+
Good
848
Population
1,247/sq mi density
$60,114
Median Income
$32,303 per capita
$87,300
Home Value
$267,707 Zillow
$634
Median Rent
18.3% income on rent
45°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$60,114 median income, 2.0% unemployment
A+
Affordability
5.0 / 5.0
$87,300 home value, $634/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.3 / 5.0
16.4% bachelor's degree or higher
Housing Overview
Median Home Value
$87,300
69% below
US avg: $281,900
Median Rent
$634/mo
45% below
US avg: $1,163/mo
Homeownership Rate
82.9%
27% above US avg (65.4%)
Total Housing Units
372
Median year built: 1966
Home Value by Source
Census Median
$87,300
Zillow (ZHVI)
$267,707
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.9%
Owner-Occupied
17.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$634/mo
Affordability & Housing Stock
Rent Burden
18.3%
of renters spending 30%+ of income on housing
41% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
82.9%
Complete Housing Data
Home Values
| Census Median Value | $87,300 |
| Zillow Home Value (ZHVI) | $267,707 |
Rent
| Census Median Rent | $634 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 82.9% |
| Renter-Occupied | 17.1% |
| Homeownership Rate | 82.9% |
| Total Housing Units | 372 |
| Median Year Built | 1966 |
| Rent Burden | 18.3% |