In Elgin, a typical home is worth $326,400 and typical rent is $1,440 a month. Compared with all of Bastrop County, typical household income is 6% higher and the share of households that own their home is 5 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $276,500 to $265,510.
Typical rent
$1,791a month
▲ 2% more than 12 months ago
Typical rent from Zillow, March 2024 to September 2026: from $1,806 to $1,791.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Elgin is in Bastrop County. The FHA loan limit ($571,550 for a one-unit home), the fair market rents and the help on this page are those of all of Bastrop County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Camp Swift, the typical home value is $208,500: 36% less than in Elgin ($326,400).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Elgin fell 6.9%; in Texas, it fell 1.4%.
3
Nearby, in Taylor, the typical rent is $1,074: 25% less than in Elgin ($1,440).
4
Elgin has the 24th smallest share of rent-burdened renters of the 356 cities in Texas with more than 5,000 people (39%).
5
71% of households in Elgin own their home, against 76% in Bastrop County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Elgin
What homes there are in 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
Elgin
Bastrop County
Texas
United States
Kind of home: Elgin and its comparisons
Measure
Elgin
Bastrop County
Texas
United States
Detached house
83%
67%
64%
61%
Attached house
Unreliable estimate
2%
3%
6%
Building of 2 to 4
9%
3%
5%
8%
Apartments (5 or more)
Unreliable estimate
3%
21%
19%
Mobile home
Unreliable estimate
24%
6%
6%
Boat, RV and other
Unreliable estimate
2%
0%
0%
Detached houses, standing on their own, make up 83% of homes here, against 67% in Bastrop County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Elgin
Bastrop County
Texas
United States
Year built: Elgin and its comparisons
Measure
Elgin
Bastrop County
Texas
United States
Before 1960
17%
10%
12%
26%
1960–1979
24%
13%
21%
24%
1980–1999
13%
29%
28%
25%
2000–2009
22%
21%
18%
14%
2010 or later
25%
27%
21%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K14%
$200K–$300K19%
$300K–$500K49%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Elgin and its comparisons
Measure
Elgin
Under $100K
Unreliable estimate
$100K–$200K
14%
$200K–$300K
19%
$300K–$500K
49%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49938%
$1,500–$1,99929%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Elgin and its comparisons
Measure
Elgin
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
38%
$1,500–$1,999
29%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,957 a month
Bastrop County: $1,989 a month
Without a mortgage
$812 a month
Bastrop County: $697 a month
Owners with a mortgage
65%
Bastrop County: 53%
In Elgin, 65% of owners have a mortgage; their typical cost is $1,957 a month, about the same as in Bastrop County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Elgin+109%
Bastrop County+83%
Texas+65%
United States+53%
Typical rent
Elgin+52%
Bastrop County+34%
Texas+34%
United States+33%
Typical household income
Elgin+55%
Bastrop County+34%
Texas+27%
United States+29%
Change since 2015–2019: Elgin and its comparisons
Measure
Elgin
Bastrop County
Texas
United States
Typical home value
+109%
+83%
+65%
+53%
Typical rent
+52%
+34%
+34%
+33%
Typical household income
+55%
+34%
+27%
+29%
Since 2015–2019, homes in Elgin gained value faster than in Bastrop County: 109% against 83%.
The typical rent in Elgin rose 52% over the same time; in Bastrop County, it rose 34%.
While home values in Elgin changed +109% and rent +52%, the typical household income rose 55%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Elgin and its comparisons
Measure
Elgin
Bastrop County
Texas
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
5.3%
4.8%
3.4%
People per household
2.61
2.81
2.69
2.53
Drive alone
67%
68%
71%
69%
Carpool
12%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
21%
16%
14%
15%
Other means
Unreliable estimate
3%
2%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Elgin has 2.61 people, fewer than in Bastrop County (2.81).
Working from home is more common in Elgin: 21%, against 16% in Bastrop County.
Do the math
What would you pay each month for a home in Elgin?
A typical home costs more than the typical income allows
We start with a typical home in Elgin, worth $326,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Elgin, which is $91,114 a year. For that payment to be 28% of income, a household would need to earn about $127,911 a year.
The calculator's FHA and conventional loan limits are those of all of Bastrop 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 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 $11,424 (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
$2,985
at 7.18% · 30 years
Loan amount
$320,488
Total interest
$461,107
Paid off in
November 2056
Includes $5,512 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,126 a month
Tight
$2,126 to $2,733 a month
Hard
more than $2,733 a month
Your payment · 39%
Compared with the typical household income in Elgin ($91,114 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,171
Property tax
$533
Home insurance
$136
FHA mortgage insurance (MIP)
$144
You need at least $11,424 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 $2,985; principal and interest $2,171.
The city and its county
Elgin and Bastrop County
Elgin is in Bastrop County, Texas. 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).
Elgin
Map of Bastrop County, Texas, with Elgin marked. Around it, the neighboring counties.
Elgin
Bastrop County
Other cities with a page
Elgin's own numbers
Typical home value
$326,400
Typical monthly rent
$1,440
Typical yearly household income
$91,114
Households that own their home
71%
Effective property tax rate
1.96%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Bastrop County
FHA limit, one-unit home
$571,550
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,817
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
3.4%
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 Bastrop County.
A typical home in Elgin is worth $326,400: 4% above the county and 15% above Texas. With the typical household income in Elgin ($91,114 a year), a typical home costs 3.6 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.
Elgin3.6 years
Bastrop3.7 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Bastrop County
According to FHFA’s house price index, home prices in Bastrop County rose 121% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Bastrop County.
Yearly change in FHFA’s price index in Bastrop County, 2016 to 2025
2016: +10.9% +10.9% 2016
2017: +7.6% +7.6% 2017
2018: +9.6% +9.6% 2018
2019: +6.5% +6.5% 2019
2020: +4.3% +4.3% 2020
2021: +19.0% +19.0% 2021
2022: +24.6% +24.6% 2022
2023: −0.2% −0.2% 2023
2024: +1.1% +1.1% 2024
2025: +1.6% +1.6% 2025
Change in FHFA’s price index in Bastrop County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+1.6%
+0.8%
+2.9%
5 years (2020–2025)
+52%
+44%
+47%
10 years (2015–2025)
+121%
+88%
+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
Elgin next to Bastrop County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Elgin$326,400
Bastrop$314,800
Texas$283,800
United States$332,700
Typical monthly rent
Elgin$1,440
Bastrop$1,410
Texas$1,403
United States$1,413
Typical yearly household income
Elgin$91,114
Bastrop$86,226
Texas$78,476
United States$80,734
See the full table
Elgin next to Bastrop County and Texas
Measure
Elgin
Bastrop County
Texas
U.S.
Typical home value
$326,400 ▲4% above the county
$314,800
$283,800
$332,700
Typical monthly rent
$1,440 ▲2% above the county
$1,410
$1,403
$1,413
Typical yearly household income
$91,114 ▲6% above the county
$86,226
$78,476
$80,734
Households that own their home
71% ▼5 points below the county
76%
63%
65%
Typical yearly property tax
$6,400 ▲44% above the county
$4,453
$4,232
$3,119
Effective property tax rate
1.96% ▲0.55 points above the county
1.41%
1.49%
0.94%
Renters with high rent for their income
39% ▼1 points below the county
39%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bastrop 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 Elgin
For a typical $326,400 home in Elgin, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elgin's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,985a month
Least cash to close
Down payment
$11,424
Cash to close
$21,216
Rate
7.18%
Mortgage insurance
FHA MIP · $144
Conventional, 5% down$2,925a month
Down payment
$16,320
Cash to close
$26,112
Rate
7.18%
Mortgage insurance
PMI · $155
Conventional, 20% down, no PMI$2,438a month
Down payment
$65,280
Cash to close
$75,072
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,740a month
Down payment
$48,960
Cash to close
$58,752
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Elgin
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,985
$11,424
$320,488
7.18%
FHA MIP · $144
$21,216
580
Conventional, 5% down
$2,925
$16,320
$310,080
7.18%
PMI · $155
$26,112
620*
Conventional, 20% down, no PMI
$2,438
$65,280
$261,120
7.18%
None
$75,072
620*
ITIN, 15% down (example)
$2,740
$48,960
$277,440
8.18%
None
$58,752
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 Elgin is $1,440 a month: 2% above the county. In Elgin, 39% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Bastrop County, by unit size. To pay the 2-bedroom one ($1,817 a month) without spending more than 30% of your income, you would need to earn $34.94 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 Bastrop County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,447
$27.83
$57,880
1 bedroom
$1,530
$29.42
$61,200
2 bedrooms
$1,817
$34.94
$72,680
3 bedrooms
$2,292
$44.08
$91,680
4 bedrooms
$2,689
$51.71
$107,560
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 Elgin
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elgin is in ZIP code 78621.
For 2 bedrooms it is $1,670: $147 less than the fair market rent for Bastrop County ($1,817).
Fair market rent by ZIP code and size in Elgin, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
78621
$1,330
$1,410
$1,670
$2,120
$2,490
ZIP code2 bd3 bd
78621 $1,670$2,120
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for 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)
HUD lists one building with rents for lower incomes in Elgin.
Meadowpark Apartments401 N Highway 95, Elgin 7862128 low-income homes · 1 bd: 8 · 2 bd: 20 · For older adults, people with disabilities, families, people experiencing homelessness
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.
We found no HUD-approved agencies with an office in Bastrop County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Elgin or Bastrop County. The ones below are statewide in Texas: they work in Elgin the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Elgin or Bastrop 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 Elgin and all of Bastrop 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 Elgin?
The typical home value in Elgin is $326,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bastrop County it is $314,800.
How much does it cost to rent in Elgin?
Typical rent in Elgin is $1,440 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bastrop County is $1,817.
What is the FHA loan limit in Elgin?
Elgin uses the FHA limit for all of Bastrop County (2026): $571,550 for a one-unit home and $1,099,150 for a four-unit home.
How much property tax do owners pay in Elgin?
The typical homeowner in Elgin pays $6,400 a year, according to the U.S. Census Bureau. That is 1.96% of the home’s value; in Bastrop County, the rate is 1.41%.
Where can I find free help to buy or rent in Elgin?
We found no HUD-approved counseling agencies with an office in Bastrop County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
