South Elgin IL

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South Elgin, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

South Elgin Housing Market Information

With a population of 23,447, 7,246 total housing units (homes and apartments), and a median house value of $247,174, South Elgin real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in South Elgin, accounting for 66.93% of the village's housing units. Other types of housing that are prevalent in South Elgin include row houses and other attached homes ( 19.21%), large apartment complexes or high rise apartments ( 7.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Elgin. Owner-occupied housing accounts for 79.60% of South Elgin's homes, and 68.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Elgin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Elgin built between 2000 and later ( 28.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.36%). There's also some housing in South Elgin built before 1939 ( 3.68%).

South Elgin Home Appreciation Rates

South Elgin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Elgin during the period has been just 1.35%, which is lower than 70% of US communities.

Over the last year, South Elgin appreciation rates have trailed the rest of the nation. In the last twelve months, South Elgin's appreciation rate has been 3.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Elgin were at 0.92%, which equates to an annual appreciation rate of 3.75%.

Relative to Illinois, our data show that South Elgin's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values


Median Home Value:


Value Range
> $1,152,000 1.8
$864,001 - $1,152,000 1.1
$576,001 - $864,000 8.0
$461,001 - $576,000 7.0
$345,001 - $461,000 15.3
$230,001 - $345,000 31.2
$115,001 - $230,000 31.7
$57,001 - $115,000 2.0
$0 - $57,000 2.1

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.3021897810219 19.1139240506329

Number Of Homes And Apartments:

South Elgin Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
30.07% 1.31%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,807 / per month

Homeownership Rate

Owners 79.60
Renters 20.40
Vacant 1.33

Housing Market Details


Age of Homes

AGE OF South Elgin HOMES
2000 or Newer 28.0
1970 - 1999 56.9
1940 - 1969 11.4
1939 or Older 3.7

Types of Homes

Single-Family 66.9
Townhomes 19.2
Small Apt. Buildings 6.4
Apt. Complexes 7.4
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 1.66
1 Bedroom 4.11
2 Bedrooms 21.54
3 Bedrooms 38.21
4 Bedrooms 30.72
5 or more bedrooms 3.76