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Elgin, IA Real Estate


According to census data in the year 2000 there were 341 housing units in Elgin. This represents a 5.6% growth from 323 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 341 were located in what is classified as a rural area.

Homeownership rate in Elgin is about 73.1%. Elgin's vacancy rate, including seasonal lodging, is about 6.2%. Average household size is 2.02 people.

The majority of houses, apartments or condos in Elgin were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.60%
Two Bedrooms34.90%
Three Bedrooms32.80%
Four Bedrooms16.10%
Five Bedrooms or more3.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1954
Median Value of occupied units$58,800
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.72
Median year structure was built1956
Median Monthly Rent asked for vacant units$263

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan2%
Simple Mortgage41.30%
Debt Free56.70%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs12.1%