Welcome to our 60120 real estate data hub, tailored for investors in Elgin, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 60120 in Elgin, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in COOK COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Elgin, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Elgin property market.
-
Location Overview
- Zip Code: 60120
- City: Elgin
- State: IL
- Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
- County Name: COOK COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $240,398
- Average Home Price (Single Family Homes): $244,380
- Average Monthly Rental Price (All Types): $1,475
- Price-to-Rent Ratio: 14
- Zillow Projected % appreciation from 4/2023-4/2024: -1.7%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,350
- Average 3 Bedroom Section 8 Rental Rates: $1,710
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.84
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.72
- Number of Units Offered in Section 8 in the County: 43099
- Number of Occupied Units in Section 8 in the County: 40727
- Percentage of Section 8 Units Occupied in the County: 94.5%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 120.79
- Total % Appreciation since 2000 (Government Data): 65.4
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.74%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.36%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.05%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.34%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 145.07%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.31%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.46%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%