Elgin, TX Real Estate
According to census data in the year 2000 there were 2,037 housing units in Elgin.
This represents a 6.6% growth from 1,910 in 1990.
Of those housing units, 1,982 were located in either urbanized areas or urban clusters, and 55 were located in what is classified as a rural area.
Homeownership rate in Elgin is about 67.1%.
Elgin's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 3 people.
The majority of houses, apartments or condos in Elgin were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 18.60% |
| Two Bedrooms | 29% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $75,200 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $308 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.50% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 51.90% |
| Debt Free | 44.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
