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 Type | 0% |
| One Bedroom | 12.60% |
| Two Bedrooms | 34.90% |
| Three Bedrooms | 32.80% |
| Four Bedrooms | 16.10% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $58,800 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $263 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 2% |
| Simple Mortgage | 41.30% |
| Debt Free | 56.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.1% |
