Housing & Real Estate — Elgin, Illinois
Overview
| Total Housing Units | 40,111 |
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| Occupied | 38,846 |
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| Vacant | 1,265 |
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| Owner-Occupied | 27,755 |
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| Renter-Occupied | 11,091 |
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| Median Home Value (Census) | $273,000 |
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| Estimated 2026 | ~$328,000 |
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| Median Rent | $1,260/mo |
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| Median Property Tax | $6,184/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | affordable |
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| Rent as % of Income | 16.7% |
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| Severely Rent-Burdened | 39.4% |
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Housing Age
| Built 2010 or later | 2,968 |
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| Built 2000-2009 | 5,608 |
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| Built 1990-1999 | 5,794 |
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| Built before 1960 | 12,297 |
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| Median Year Built | 1977 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
