Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Elgin area can be challenging. Home prices in South Elgin are now at a median cost of $270,262, higher than the Illinois average of $242,002.
The average cost of rent is $1,399/mo in South Elgin, primarily driven by the current value of real estate in the South Elgin area. While nearly 21.07% of residents own their homes outright in South Elgin, 16.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Elgin is $8,912 per month. Households that rent pay about 15.69% of their income on rent here. South Elgin's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Elgin, IL: less expensive homes
- St. Charles, IL: higher priced homes
- Wayne, IL: higher priced homes
- Campton Hills, IL: higher priced homes
- Bartlett, IL: equally priced homes
- Sleepy Hollow, IL: higher priced homes
- West Dundee, IL: equally priced homes
- Geneva, IL: higher priced homes
- Streamwood, IL: less expensive homes
- Gilberts, IL: equally priced homes
Cities with Similar Populations
- Seal Beach, CA: higher priced homes
- Fort Walton Beach, FL: equally priced homes
- Fountain Hills, AZ: higher priced homes
- Gainesville, TX: less expensive homes
- Goodlettsville, TN: equally priced homes
- Green Valley, AZ: less expensive homes
- Greenbelt, MD: less expensive homes
- Harrison, AR: less expensive homes
- Harrison Township, MI: less expensive homes
- Flat Rock, MI: less expensive homes
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