Land and home values in Elgin, IL
Elgin is a city in Kane County, Illinois, home to about 114,934 people. Residential land runs about $7.34 per sq ft, the typical home is worth about $324,000, and a 2-bedroom rents for about $1,640 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in Elgin
| Land: residential | $7.34 | per sq ft |
| Land: residential | $319,948 | per acre |
| Land: quarter-acre lot | $79,987 | 10,890 sq ft |
| Home: typical (median) | $324,000 | value |
| Home: entry-level | $275,000 | lower quartile |
| Home: upper-end | $411,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,470 | per month |
| Rent: 2-bedroom | $1,640 | per month |
| Rent: 3-bedroom | $2,140 | per month |
| Rent: 4-bedroom | $2,470 | per month |
| Gross yield, 2-bed | 6.1% | a year |
ZIP codes
Questions people ask
How much is land worth in Elgin, IL?
Residential land in Elgin, IL is about $7.34 per square foot, or $319,948 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $79,987. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Elgin, IL?
The typical (median) home in Elgin, IL is worth about $324,000, with entry-level homes around $275,000 and upper-end homes around $411,000, as of October 2026.
How much is rent in Elgin, IL?
A 2-bedroom rents for about $1,640 a month in Elgin, IL, a 1-bedroom about $1,470 and a 3-bedroom about $2,140 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.