In South Elgin, a typical home is worth $339,100 and typical rent is $1,640 a month. Compared with all of Kane County, typical household income is 23% higher and typical rent is 13% higher.
Typical home value from Zillow, September 2021 to September 2026: from $284,736 to $376,702.
Typical rent
$2,392a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
South Elgin is in Kane County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Kane County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Streamwood, the typical home value is $271,200: 20% less than in South Elgin ($339,100).
2
The typical household income in South Elgin is $127,203,23% more than in Kane County as a whole ($103,163).
3
Nearby, in Elgin, the typical rent is $1,361: 17% less than in South Elgin ($1,640).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in South Elgin
What homes there are in South Elgin, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
South Elgin
Kane County
Illinois
United States
Kind of home: South Elgin and its comparisons
Measure
South Elgin
Kane County
Illinois
United States
Detached house
66%
69%
58%
61%
Attached house
16%
12%
6%
6%
Building of 2 to 4
6%
7%
12%
8%
Apartments (5 or more)
13%
12%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in South Elgin (66%), but less so than in Kane County (69%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
South Elgin
Kane County
Illinois
United States
Year built: South Elgin and its comparisons
Measure
South Elgin
Kane County
Illinois
United States
Before 1960
Unreliable estimate
24%
38%
26%
1960–1979
15%
21%
26%
24%
1980–1999
37%
25%
20%
25%
2000–2009
27%
21%
11%
14%
2010 or later
14%
8%
6%
11%
Homes in South Elgin are newer: the typical year built is 1997; in Kane County, 1985.
In South Elgin, 70% of homes have 3 bedrooms or more, about the same as in Kane County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K6%
$200K–$300K29%
$300K–$500K44%
$500K–$750K17%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: South Elgin and its comparisons
Measure
South Elgin
Under $100K
Unreliable estimate
$100K–$200K
6%
$200K–$300K
29%
$300K–$500K
44%
$500K–$750K
17%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49926%
$1,500–$1,99940%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: South Elgin and its comparisons
Measure
South Elgin
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
26%
$1,500–$1,999
40%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,291 a month
Kane County: $2,256 a month
Without a mortgage
$911 a month
Kane County: $958 a month
Owners with a mortgage
74%
Kane County: 67%
The typical cost for an owner with a mortgage in South Elgin is $2,291 a month, near the figure in Kane County ($2,256).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
South Elgin+44%
Kane County+37%
Illinois+35%
United States+53%
Typical rent
South Elgin+16%
Kane County+27%
Illinois+26%
United States+33%
Typical household income
South Elgin+28%
Kane County+30%
Illinois+27%
United States+29%
Change since 2015–2019: South Elgin and its comparisons
Measure
South Elgin
Kane County
Illinois
United States
Typical home value
+44%
+37%
+35%
+53%
Typical rent
+16%
+27%
+26%
+33%
Typical household income
+28%
+30%
+27%
+29%
Since 2015–2019, homes in South Elgin gained value faster than in Kane County: 44% against 37%.
Since 2015–2019, the typical rent in South Elgin rose 16%, less than in Kane County (27%).
The typical household income in South Elgin rose 28% over that time; home values changed +44% and rent +16%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: South Elgin and its comparisons
Measure
South Elgin
Kane County
Illinois
United States
Rental vacancy
Unreliable estimate
3.1%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
1.0%
0.9%
More than one person per room
Unreliable estimate
3.0%
2.5%
3.4%
People per household
2.74
2.77
2.46
2.53
Drive alone
71%
71%
66%
69%
Carpool
9%
9%
8%
9%
Public transit
Unreliable estimate
2%
6%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
15%
16%
16%
15%
Other means
2%
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Kane County, a household in South Elgin has 2.74 people on average.
In South Elgin, 71% of workers drive alone to work; in Kane County, 71%.
Do the math
What would you pay each month for a home in South Elgin?
A typical home is tight for the typical income
We start with a typical home in South Elgin, worth $339,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in South Elgin, which is $127,203 a year. For that payment to be 28% of income, a household would need to earn about $137,490 a year.
The calculator's FHA and conventional loan limits are those of all of Kane County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in South Elgin. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,869 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,208
at 7.18% · 30 years
Loan amount
$332,958
Total interest
$479,048
Paid off in
November 2056
Includes $5,727 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,968 a month
Tight
$2,968 to $3,816 a month
Your payment · 30%
Hard
more than $3,816 a month
Compared with the typical household income in South Elgin ($127,203 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,256
Property tax
$661
Home insurance
$141
FHA mortgage insurance (MIP)
$150
You need at least $11,869 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,208; principal and interest $2,256.
The city and its county
South Elgin and Kane County
South Elgin is in Kane County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
South Elgin
Map of Kane County, Illinois, with South Elgin marked. Around it, the neighboring counties.
South Elgin
Kane County
Other cities with a page
South Elgin's own numbers
Typical home value
$339,100
Typical monthly rent
$1,640
Typical yearly household income
$127,203
Households that own their home
79%
Effective property tax rate
2.34%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Kane County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Kane County.
A typical home in South Elgin is worth $339,100: 4% above the county and 29% above Illinois. With the typical household income in South Elgin ($127,203 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
South Elgin2.7 years
Kane3.2 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Kane County
According to FHFA’s house price index, home prices in Kane County rose 82% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Kane County.
Yearly change in FHFA’s price index in Kane County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +4.0% +4.0% 2017
2018: +3.5% +3.5% 2018
2019: +2.9% +2.9% 2019
2020: +1.1% +1.1% 2020
2021: +9.6% +9.6% 2021
2022: +14.7% +14.7% 2022
2023: +9.3% +9.3% 2023
2024: +7.1% +7.1% 2024
2025: +5.8% +5.8% 2025
Change in FHFA’s price index in Kane County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.8%
+5.7%
+2.9%
5 years (2020–2025)
+56%
+47%
+47%
10 years (2015–2025)
+82%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
South Elgin next to Kane County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
South Elgin$339,100
Kane$327,000
Illinois$263,300
United States$332,700
Typical monthly rent
South Elgin$1,640
Kane$1,453
Illinois$1,274
United States$1,413
Typical yearly household income
South Elgin$127,203
Kane$103,163
Illinois$83,390
United States$80,734
See the full table
South Elgin next to Kane County and Illinois
Measure
South Elgin
Kane County
Illinois
U.S.
Typical home value
$339,100 ▲4% above the county
$327,000
$263,300
$332,700
Typical monthly rent
$1,640 ▲13% above the county
$1,453
$1,274
$1,413
Typical yearly household income
$127,203 ▲23% above the county
$103,163
$83,390
$80,734
Households that own their home
79% ▲3 points above the county
76%
67%
65%
Typical yearly property tax
$7,922 ▲7% above the county
$7,382
$5,298
$3,119
Effective property tax rate
2.34% ▲0.08 points above the county
2.26%
2.01%
0.94%
Renters with high rent for their income
53% ▲3 points above the county
50%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Kane County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in South Elgin
For a typical $339,100 home in South Elgin, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, South Elgin's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,208a month
Least cash to close
Down payment
$11,869
Cash to close
$22,042
Rate
7.18%
Mortgage insurance
FHA MIP · $150
Conventional, 5% down$3,146a month
Down payment
$16,955
Cash to close
$27,128
Rate
7.18%
Mortgage insurance
PMI · $161
Conventional, 20% down, no PMI$2,640a month
Down payment
$67,820
Cash to close
$77,993
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,954a month
Down payment
$50,865
Cash to close
$61,038
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in South Elgin
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,208
$11,869
$332,958
7.18%
FHA MIP · $150
$22,042
580
Conventional, 5% down
$3,146
$16,955
$322,145
7.18%
PMI · $161
$27,128
620*
Conventional, 20% down, no PMI
$2,640
$67,820
$271,280
7.18%
None
$77,993
620*
ITIN, 15% down (example)
$2,954
$50,865
$288,235
8.18%
None
$61,038
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in South Elgin is $1,640 a month: 13% above the county. In South Elgin, 53% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Kane County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Kane County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in South Elgin
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). South Elgin is in ZIP code 60177.
For 2 bedrooms it is $2,280: $269 more than the fair market rent for Kane County ($2,011).
Fair market rent by ZIP code and size in South Elgin, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60177
$1,900
$2,020
$2,280
$2,930
$3,350
ZIP code2 bd3 bd
60177 $2,280$2,930
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for South Elgin when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Kane County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for South Elgin or Kane County. The ones below are statewide in Illinois: they work in South Elgin the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for South Elgin or Kane County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for South Elgin and all of Kane County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in South Elgin?
The typical home value in South Elgin is $339,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Kane County it is $327,000.
How much does it cost to rent in South Elgin?
Typical rent in South Elgin is $1,640 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Kane County is $2,011.
What is the FHA loan limit in South Elgin?
South Elgin uses the FHA limit for all of Kane County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in South Elgin?
The typical homeowner in South Elgin pays $7,922 a year, according to the U.S. Census Bureau. That is 2.34% of the home’s value; in Kane County, the rate is 2.26%.
Where can I find free help to buy or rent in South Elgin?
There are 2 HUD-approved counseling agencies with an office in Kane County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
