House Prices

House Prices & Home Values Elgin, IL 2026


Average Data

average house price$236,773
average size per house1730 ft²
average price per ft²137 $ / ft²

04/16/2026 - The value range (VR) for house prices in Elgin, IL is $124/ sqft to $146/ sqft. An average home with 1730 sqft costs approximately $214,520 to $252,580. Elgin, IL includes 3 ZIP codes and it is located in Kane county. The lowest prices are found in ZIP 60120, while the highest are in ZIP 60124. The average price per sqare feet is $137. Our analysis is based on 32 property listings.

Avergage prices by ZIP codes Elgin

60120130 $ / ft²
60123145 $ / ft²
60124155 $ / ft²




Historical development of home values in Elgin

Year Estimated value (USD) Change vs. 2025
2010 $109,962 -53.6%
2011 $105,709 -55.4%
2012 $105,425 -55.5%
2013 $109,365 -53.8%
2014 $114,803 -51.5%
2015 $120,696 -49.0%
2016 $126,994 -46.4%
2017 $133,849 -43.5%
2018 $141,249 -40.3%
2019 $147,798 -37.6%
2020 $155,439 -34.4%
2021 $176,795 -25.3%
2022 $206,103 -13.0%
2023 $217,345 -8.2%
2024 $229,919 -2.9%
2025 $236,773 0.0%

Graph: estimated home values in Elgin over time (USD)



Example: 100% financing house in Elgin

Loan amount: $236,773

Interest rate: 6.00%

Fixed monthly payment: $1,419.57

Breakdown in the 1st month:
Interest portion: $1,183.87  –  Principal portion: $235.71

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,127.29 $2,907.60 $233,865.40
2 $13,947.95 $3,086.93 $230,778.47
3 $13,757.56 $3,277.33 $227,501.14
4 $13,555.42 $3,479.47 $224,021.67
5 $13,340.81 $3,694.07 $220,327.59
6 $13,112.97 $3,921.92 $216,405.68
7 $12,871.07 $4,163.81 $212,241.86
8 $12,614.26 $4,420.63 $207,821.24
9 $12,341.60 $4,693.28 $203,127.95
10 $12,052.13 $4,982.75 $198,145.20
11 $11,744.81 $5,290.08 $192,855.12
12 $11,418.53 $5,616.36 $187,238.76
13 $11,072.12 $5,962.76 $181,276.00
14 $10,704.35 $6,330.53 $174,945.47
15 $10,313.90 $6,720.99 $168,224.48
16 $9,899.36 $7,135.52 $161,088.96
17 $9,459.26 $7,575.63 $153,513.33
18 $8,992.01 $8,042.87 $145,470.46
19 $8,495.94 $8,538.94 $136,931.52
20 $7,969.28 $9,065.60 $127,865.91
21 $7,410.13 $9,624.75 $118,241.16
22 $6,816.50 $10,218.38 $108,022.78
23 $6,186.25 $10,848.63 $97,174.14
24 $5,517.13 $11,517.75 $85,656.39
25 $4,806.74 $12,228.14 $73,428.25
26 $4,052.54 $12,982.35 $60,445.90
27 $3,251.82 $13,783.07 $46,662.83
28 $2,401.71 $14,633.18 $32,029.65
29 $1,499.16 $15,535.72 $16,493.93
30 $540.95 $16,493.93 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elgin, IL


1500 sqft3900 sqft
Ø selling price$248,656$528,957
Ø fast selling$226,051$476,062
Ø high price sale$271,260$581,853

In 2026, houses in Elgin, IL will be offered at an average price of $137 per square foot. A 1,500 sqft home priced at $248,656 is 23.94% more expensive per square foot than a 3,900 sqft home priced at $528,957. Home prices in Elgin, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $366,202. Sellers who can wait longer may achieve a higher price of up to $447,580.


Explore Elgin, IL

Location & Lifestyle

Nestled along the scenic Fox River, Elgin, IL blends historic charm with modern amenities in the northwest Chicago suburbs.
Visitors and residents love its walkable historic downtown filled with local restaurants, boutiques, and public art. With quick access to I-90 and Metra, Elgin offers convenient commutes to Chicago and job centers in Kane and Cook counties.

Culture & Recreation

The city?s vibrant arts and culture scene features the Elgin Symphony Orchestra, seasonal festivals, and galleries that energize the core. Outdoor enthusiasts explore more than 1,600 acres of parks, the Fox River Trail, and recreation facilities that make weekend adventures easy. Family-friendly attractions like the Elgin Public Museum and the award-winning Gail Borden Public Library showcase the community?s focus on learning and discovery.

Economy & Education

A diverse economy anchored by healthcare, manufacturing, and small businesses fosters steady growth and opportunities for entrepreneurs. Schools served by School District U-46 and nearby colleges provide a strong educational pipeline and workforce training.

Real Estate & Access

Housing options range from restored Victorian homes to new developments, delivering comparatively affordable real estate within the greater Chicago suburbs. Whether you are planning a visit or a move, Elgin, Illinois offers a balanced lifestyle of value, access, and authentic Midwestern character.



FAQ – Home Values in Elgin

What is the median home value in Elgin in 2026?

In 2026, the typical home value in Elgin is about $236,773 for an average home size of 1730 square feet. This corresponds to an average price of roughly $137 per square foot.

What is the average cost per square foot in Elgin?

In 2026, homes in Elgin sell for an average of around $137 per square foot, with a typical range between $124 and $146 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elgin is about 1730 square feet, with an estimated 2026 value around $236,773.



Locations close to Elgin, IL

Elmhurst, IL322 $ / ft²
Esmond, IL124 $ / ft²
Forest Park, IL221 $ / ft²
Elburn, IL181 $ / ft²
Dundee, IL100 $ / ft²
Dekalb, IL121 $ / ft²
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