Home prices
The median home cost in Elgin is $79,500. Compared to its nearby areas it is roughly $12,160 (13%) lower.It is about $138,000 (63%) lower in comparison to the rest of the nation, and is approximately $62,300 (43%) lower in comparison to the city of Cedar Rapids.
Rents
In Elgin the median monthly rent is $518. This is approximately $91 (14%) lower compared to its surrounding areas.In comparison to the US as a whole it is about $544 (51%) lower, and compared to the city of Cedar Rapids it is about $249 (32%) lower.
Nearby places
Clermont
Clermont is about 3 miles north of Elgin. Housing prices there are a bit more expensive. The median home price in Clermont is $108,400, which comes out to $28,900 (26%) higher than Elgin. Its rents are pretty similar. Clermont's median monthly rent is $515, which is very similar to Elgin.
Wadena
Wadena is roughly 7 miles south of Elgin. The housing prices there are somewhat less expensive. The cost of the median home in Wadena is $73,300, which is $6,200 (8%) lower than Elgin. Rent there is a bit less expensive. Wadena's median rent is $444 per month, which works out to $74 (16%) lower than Elgin.
West Union
West Union is approximately 7 miles west from Elgin. Its housing prices are somewhat more expensive. The median home price in West Union is $100,400, which works out to $20,900 (20%) higher than Elgin. Its rents are fairly similar. The median rent in West Union is $538 per month, which comes out to $20 (3%) higher than Elgin.
Postville
Postville is about 8 miles north of Elgin. Real estate prices there are a little more expensive. The cost of the median home in Postville is $84,200, which comes out to $4,700 (5%) higher than Elgin. Its rents are a little more expensive. Postville's median monthly rent is $722, which works out to $204 (28%) higher than Elgin.
Luana
Luana is about 10 miles northeast of Elgin. Its housing prices are a bit more expensive. The median home in Luana costs $92,000, which works out to $12,500 (13%) higher than Elgin. Its rents are significantly more expensive. Luana's median monthly rent is $825, which comes out to $307 (37%) higher than Elgin.
