Home prices
The median home cost in Elgin is $186,000. This is approximately $66,980 (26%) lower compared to its surrounding areas.Compared to the country as a whole it is roughly $31,500 (14%) lower, and compared to the city of Chicago is roughly $72,000 (27%) lower.
Rents
In Elgin the median rent is $1,069 a month. Compared to nearby areas this is approximately $360 (25%) lower.Compared to the United States as a whole it is is very similar, and is approximately $43 (3%) lower in comparison to the city of Chicago.
Nearby places
South Elgin
South Elgin is Elgin's neighbor to the south. The housing prices there are somewhat more expensive. The median home in South Elgin is valued at $235,500, which works out to $49,500 (21%) higher than Elgin. The rent there is a little more expensive. The median rent in South Elgin is $1,415 a month, which comes out to $346 (24%) higher than Elgin.
Sleepy Hollow
Sleepy Hollow is Elgin's neighbor to the north. Housing prices there are substantially more expensive. The median home in Sleepy Hollow is valued at $305,500, which comes out to $119,500 (39%) higher than Elgin. Rents there are fairly similar. Sleepy Hollow's median monthly rent is $1,125, which is $56 (4%) higher than Elgin.
West Dundee
West Dundee is Elgin's neighbor to the north. Housing prices there are somewhat more expensive. West Dundee's median home price is $264,800, which comes out to $78,800 (29%) higher than Elgin. The rent there is a bit more expensive. West Dundee's median rent is $1,281 a month, which is $212 (16%) higher than Elgin.
Gilberts
Gilberts is Elgin's neighbor to the northwest. The real estate prices there are a little more expensive. Gilberts's median home value is $261,300, which is $75,300 (28%) higher than Elgin. Rents there are substantially more expensive. The median monthly rent in Gilberts is $2,045, which is $976 (47%) higher than Elgin.
East Dundee
East Dundee is approximately 4 miles northeast from Elgin. Housing prices there are a bit more expensive. East Dundee's median home cost is $197,800, which works out to $11,800 (5%) higher than Elgin. Rent there is a little more expensive. East Dundee's median rent is $1,277 per month, which comes out to $208 (16%) higher than Elgin.
