Elgin, TX Housing

Elgin, TX is a vibrant city with a booming housing market. The median value of homes in Elgin is $293,400, which is slightly lower than the US median value of $338,100. Despite being lower than the US average, the 1 year appreciation rate for homes in Elgin is 13.25%, significantly higher than the 8.27% national average. This means that those looking to invest in housing here are likely to see good returns on their investments over time.

The median home cost in Elgin is $293,400. Home appreciation the last 10 years has been 174.5%. Home Appreciation in Elgin is up 20.0%.

Average Age of Homes

- The median age of Elgin real estate is 31 years old

The Rental Market in Elgin

- Renters make up 26.5% of the Elgin population
- 1.3% of houses and apartments in Elgin, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elgin, Texas	United States
	3,399.0	139,647,020.0
	41	42
	$293,400	$338,100
	20.0%	16.6%
	88.7%	57.0%
	174.5%	101.1%
	$16.44	$10.98
	$4,442	$2,690
	64.2%	57.4%
	5.6%	11.2%
	30.2%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.2%	2.4%
	2.4%	2.8%
	0.0%	3.9%
	3.3%	4.5%
	30.5%	11.3%
	11.9%	13.0%
	25.0%	20.1%
	12.4%	13.6%
	2.5%	8.3%
	10.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.7%	13.6%
	15.7%	13.6%
	6.0%	13.6%
	19.2%	13.2%
	6.2%	14.8%
	6.0%	13.6%
	9.2%	10.0%
	3.4%	4.7%
	19.1%	12.2%