Elgin, IL
Full City Profile · Illinois · McHenry County County
3.2
/5.0
B
Good
114,106
Population
2,989/sq mi density
$88,316
Median Income
$36,037 per capita
$252,400
Home Value
$339,753 Zillow
$1,260
Median Rent
28.5% income on rent
49°F
Avg Temperature
275
Violent Crime/100K
1,114 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$88,316 median income, 6.3% unemployment
A+
Affordability
5.0 / 5.0
$252,400 home value, $1,260/mo rent
F
Safety
1.0 / 5.0
275 violent crimes/100K
B
Education
3.1 / 5.0
26.0% bachelor's degree or higher
Housing Overview
Median Home Value
$252,400
10% below
US avg: $281,900
Median Rent
$1,260/mo
8% above
US avg: $1,163/mo
Homeownership Rate
71.4%
9% above US avg (65.4%)
Total Housing Units
39,728
Median year built: 1977
Home Value by Source
Census Median
$252,400
Zillow (ZHVI)
$339,753
Redfin Median Sale
$315,000
Median Sale Price
$315,000
Median List Price
$348,700
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.4%
Owner-Occupied
28.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,260/mo
· Zillow rent:
$1,736/mo
Market Indicators (Redfin)
Median Sale Price
$315,000
Median Days on Market
57 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
61
Price Drops
13.3%
of listings with price reduction
Price Per Sq Ft
$191
Active Inventory
196
homes for sale
Affordability & Housing Stock
Rent Burden
28.5%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
71.4%
Complete Housing Data
Home Values
| Census Median Value | $252,400 |
| Zillow Home Value (ZHVI) | $339,753 |
| Redfin Median Sale | $315,000 |
| Median Sale Price | $315,000 |
| Median List Price | $348,700 |
| Price Per Sq Ft | $191 |
Rent
| Census Median Rent | $1,260 |
| Zillow Rent (ZORI) | $1,736 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 57 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 13.3% |
| Homes Sold | 61 |
| Active Inventory | 196 |
| Price Per Sq Ft | $191 |
Ownership & Stock
| Owner-Occupied | 71.4% |
| Renter-Occupied | 28.6% |
| Homeownership Rate | 71.4% |
| Total Housing Units | 39,728 |
| Median Year Built | 1977 |
| Rent Burden | 28.5% |