$1,149
2 bd1 ba1,300 sqft
278 Villa Pl
Downtown Elgin, IL Housing Market
$270,750
6.7% 1-yrThe average Downtown Elgin, IL home value is $270,750, up 6.7% over the past year.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Downtown Elgin Key Takeaways
Typical Home Values: $270,750
1-year Value Change: +6.7%
(Data through January 31, 2026)
Downtown Elgin Housing Market Overview
--1-year Market Forecast
--For sale inventory(January 31, 2026)
--New listings(January 31, 2026)
--Median sale to list ratio
--Median sale price(December 31, 2025)
--Median list price(January 31, 2026)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Gifford Park$267,956
- Near West Elgin$260,948
- Summit Park$263,244
- Southwest Elgin$264,399
- Grant Park$277,448
- Lords Park$282,084
- Northeastern Elgin$279,320
- Cobblers Crossing$312,302
- Eagle Heights$333,811
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Downtown Elgin Rental Market Trends
--Average rent in Downtown Elgin
$1,895National average rent(January 31, 2026)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
