Elgin, MN
Full City Profile · Minnesota · Wabasha County County
4.1
/5.0
A
Great
1,147
Population
1,233/sq mi density
$87,000
Median Income
$36,921 per capita
$218,200
Home Value
$378,605 Zillow
$738
Median Rent
18.1% income on rent
45°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
A
Economy
4.3 / 5.0
$87,000 median income, 4.7% unemployment
A+
Affordability
5.0 / 5.0
$218,200 home value, $738/mo rent
C+
Education
2.9 / 5.0
23.5% bachelor's degree or higher
Housing Overview
Median Home Value
$218,200
23% below
US avg: $281,900
Median Rent
$738/mo
37% below
US avg: $1,163/mo
Homeownership Rate
77.8%
19% above US avg (65.4%)
Total Housing Units
479
Median year built: 1979
Home Value by Source
Census Median
$218,200
Zillow (ZHVI)
$378,605
Redfin Median Sale
$282,000
Median Sale Price
$282,000
Median List Price
$214,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.8%
Owner-Occupied
22.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$738/mo
Market Indicators (Redfin)
Median Sale Price
$282,000
Median Days on Market
199 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$111
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
18.1%
of renters spending 30%+ of income on housing
42% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
77.8%
Complete Housing Data
Home Values
| Census Median Value | $218,200 |
| Zillow Home Value (ZHVI) | $378,605 |
| Redfin Median Sale | $282,000 |
| Median Sale Price | $282,000 |
| Median List Price | $214,900 |
| Price Per Sq Ft | $111 |
Rent
| Census Median Rent | $738 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 199 |
| Sale-to-List Ratio | 0.8% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $111 |
Ownership & Stock
| Owner-Occupied | 77.8% |
| Renter-Occupied | 22.2% |
| Homeownership Rate | 77.8% |
| Total Housing Units | 479 |
| Median Year Built | 1979 |
| Rent Burden | 18.1% |