The story of this market
The typical home in ZIP 60120 sells for about $395,000, or $208 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,371 a month.
ZIP 60120 — Elgin
The 60120 housing market is currently experiencing a competitive environment with a median sale price of $395,000. Low inventory levels and steady demand are driving a seller's market, characterized by quick turnover and high sale-to-list ratios. Despite broader economic headwinds, the local market remains resilient due to its affordability relative to the greater Chicago area.
This ZIP is well-suited for families and commuters seeking a balance between suburban affordability and access to Chicago's employment hubs via rail and highway.
Median prices moved up 3.5% year over year.
Homes spend a median of 19 days on market with 0.9 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 12.8% — a stable, low-distress profile.
Built from 402 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 60120, Illinois
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Elgin are generally consistent with regional averages for mid-sized Illinois cities, with ongoing efforts by local law enforcement to address property-related incidents.
The area is primarily served by School District U-46, which provides a wide range of educational options including specialized magnet and dual-language programs.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Fox River, with standard insurance requirements for flood-prone zones.
Elgin maintains steady economic momentum driven by its proximity to the Chicago metropolitan area, with ongoing revitalization efforts in the downtown district and industrial growth along the I-90 corridor.
Property taxes in this jurisdiction are determined by the Kane County assessment process, with rates influenced by local school district levies and municipal service requirements.
Residents benefit from access to the Metra Milwaukee District/West Line for rail transit to Chicago, alongside major highway connectivity via I-90.
The area features extensive outdoor amenities including the Fox River Trail, numerous local parks, and proximity to the Elgin Country Club.
The rental market shows moderate pressure with a median rent of $1,925 and a tightening supply of available units.
The local economy is anchored by manufacturing, healthcare, and education sectors, with significant employment provided by Elgin Community College and regional medical centers.
The area is served by the Metra Milwaukee District/West Line and is positioned near the I-90 tollway for regional access.
Ongoing development focuses on transit-oriented residential projects near the downtown Metra station.
The Kane County Assessor manages property valuations with a focus on market-based adjustments.
Parcels are subject to various taxing bodies including School District U-46, Elgin Community College District 509, and local library districts.
Property insurance premiums are influenced by regional weather patterns and proximity to the Fox River flood plain.
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Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Santa’s Village Amusement & Water Park4.53.9 mi
- Slick City Action Park4.717.5 mi
- Activate Games4.919.7 mi
- K1 Speed Addison4.312.9 mi
- Safari Land4.216.1 mi
- Allstate Arena4.319 mi
- Topgolf Schaumburg4.410.4 mi
- Medieval Times Dinner & Tournament4.79.4 mi
- Topgolf Naperville4.415.9 mi
- NOW Arena4.43.2 mi
- Medieval Times Dinner & Tournament4.79.4 mi
- AMC South Barrington 244.36 mi
- LEGOLAND Discovery Center Chicago3.911.4 mi
- Santa’s Village Amusement & Water Park4.53.9 mi
- AMC Streets of Woodfield 204.211.4 mi
- NOW Arena4.43.2 mi
- Cantigny Park4.813.5 mi
- DuPage Children's Museum4.418.6 mi
- Illinois Railway Museum4.719.4 mi
- Blackberry Farm4.719.9 mi
- Olympic Park4.611.3 mi
- Bison's Bluff Nature Playground4.710.5 mi
- Busse Woods4.712.9 mi
- Pottawatomie Park4.88.5 mi
- Pirates' Cove Children's Theme Park4.612.7 mi
- Topgolf Schaumburg4.410.4 mi
- Villa Olivia4.12.4 mi
- St. Andrews Golf and Country Club4.38.2 mi
- Makray Memorial Golf Club4.510.6 mi
- Highland Woods Golf Course4.19.3 mi
- Woodfield Mall4.511.3 mi
- Goebbert's Farm - South Barrington4.35.2 mi
- Macy's4.211.3 mi
- Deli 4 You Market4.59 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional recreational trail running through the heart of Elgin.
Private golf course and social club serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.