House Prices

House Prices & Home Values Elgin, MN 2026


Average Data

average house price$303,767
average size per house2143 ft²
average price per ft²142 $ / ft²

04/19/2026 - The value range (VR) for house prices in Elgin, MN is $142/ sqft to $142/ sqft. An average home with 2143 sqft costs approximately $304,306 to $304,306. Elgin, MN includes 1 ZIP codes and it is located in Wabasha county. The lowest prices are found in ZIP 55932, while the highest are in ZIP 55932. The average price per sqare feet is $142. Our analysis is based on 12 property listings.

Avergage prices by ZIP codes Elgin

55932132 $ / ft²




Historical development of home values in Elgin

Year Estimated value (USD) Change vs. 2025
2010 $141,075 -53.6%
2011 $135,620 -55.4%
2012 $135,254 -55.5%
2013 $140,310 -53.8%
2014 $147,287 -51.5%
2015 $154,846 -49.0%
2016 $162,927 -46.4%
2017 $171,721 -43.5%
2018 $181,214 -40.3%
2019 $189,617 -37.6%
2020 $199,419 -34.4%
2021 $226,818 -25.3%
2022 $264,419 -13.0%
2023 $278,842 -8.2%
2024 $294,973 -2.9%
2025 $303,767 0.0%

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



Example: 100% financing house in Elgin

Loan amount: $303,767

Interest rate: 6.00%

Fixed monthly payment: $1,821.24

Breakdown in the 1st month:
Interest portion: $1,518.84  –  Principal portion: $302.40

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,124.55 $3,730.29 $300,036.71
2 $17,894.47 $3,960.37 $296,076.33
3 $17,650.20 $4,204.64 $291,871.70
4 $17,390.87 $4,463.97 $287,407.73
5 $17,115.54 $4,739.30 $282,668.43
6 $16,823.23 $5,031.61 $277,636.82
7 $16,512.89 $5,341.95 $272,294.87
8 $16,183.41 $5,671.43 $266,623.45
9 $15,833.61 $6,021.23 $260,602.22
10 $15,462.24 $6,392.60 $254,209.62
11 $15,067.95 $6,786.89 $247,422.73
12 $14,649.35 $7,205.49 $240,217.25
13 $14,204.94 $7,649.90 $232,567.34
14 $13,733.11 $8,121.73 $224,445.61
15 $13,232.18 $8,622.66 $215,822.94
16 $12,700.35 $9,154.49 $206,668.45
17 $12,135.72 $9,719.12 $196,949.33
18 $11,536.27 $10,318.57 $186,630.76
19 $10,899.84 $10,955.00 $175,675.76
20 $10,224.16 $11,630.68 $164,045.07
21 $9,506.80 $12,348.04 $151,697.04
22 $8,745.20 $13,109.64 $138,587.40
23 $7,936.63 $13,918.21 $124,669.19
24 $7,078.18 $14,776.66 $109,892.53
25 $6,166.79 $15,688.05 $94,204.49
26 $5,199.19 $16,655.65 $77,548.84
27 $4,171.90 $17,682.94 $59,865.90
28 $3,081.26 $18,773.58 $41,092.32
29 $1,923.35 $19,931.49 $21,160.82
30 $694.01 $21,160.82 $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, MN


1500 sqft3900 sqft
Ø selling price$257,731$548,262
Ø fast selling$234,301$493,436
Ø high price sale$281,160$603,089

In 2026, houses in Elgin, MN will be offered at an average price of $142 per square foot. A 1,500 sqft home priced at $257,731 is 21.28% more expensive per square foot than a 3,900 sqft home priced at $548,262. Home prices in Elgin, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $379,567. Sellers who can wait longer may achieve a higher price of up to $463,915.


Discover Elgin, MN

Location and Lifestyle

Elgin, MN is a welcoming small city in Wabasha County, situated about 20 miles northeast of Rochester, Minnesota. Known for its friendly neighborhoods and rural charm, Elgin Minnesota blends agricultural roots with easy access to regional amenities.
Travelers reach the community via Minnesota State Highway 42, with quick connections to nearby towns and scenic byways. The landscape around Elgin, MN features rolling farmland and the bluff-country vistas of the Driftless Area. Outdoor enthusiasts enjoy close proximity to Whitewater State Park for hiking, trout fishing, and year-round wildlife viewing.

Community and Economy

Local life centers on community parks, seasonal festivals, and farm markets that showcase the region?s produce and small businesses. Families value the Plainview-Elgin-Millville (PEM) schools, which provide strong academics, athletics, and extracurricular opportunities.
Housing options in Elgin range from historic homes on quiet streets to newer developments that offer modern conveniences. Businesses in Elgin Minnesota support an economy built on agriculture, light industry, retail, and services for surrounding rural areas. Whether you are planning a day trip or considering a move, Elgin, MN offers small-town comfort, scenic surroundings, and a convenient location in southeast Minnesota.



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 $303,767 for an average home size of 2143 square feet. This corresponds to an average price of roughly $142 per square foot.

What is the average cost per square foot in Elgin?

In 2026, homes in Elgin sell for an average of around $142 per square foot, with a typical range between $142 and $142 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 2143 square feet, with an estimated 2026 value around $303,767.



Locations close to Elgin, MN

Elkton, MN135 $ / ft²
Eyota, MN156 $ / ft²
Fountain, MN125 $ / ft²
Eitzen, MN150 $ / ft²
Dover, MN186 $ / ft²
Dodge Center, MN120 $ / ft²
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