Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,408, 2,122 total housing units (homes and apartments), and a median house value of $451,301, Elburn real estate is some of the most expensive in Illinois, although Elburn home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Elburn, accounting for 76.88% of the village's housing units. Other types of housing that are prevalent in Elburn include row houses and other attached homes ( 13.21%), large apartment complexes or high rise apartments ( 5.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elburn. Owner-occupied housing accounts for 90.95% of Elburn's homes, and 62.69% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Elburn built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Elburn built between 2000 and later ( 45.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.51%). There's also some housing in Elburn built before 1939 ( 2.18%).
Elburn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elburn during the period has been just 5.12%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Elburn's appreciation rate, at 7.73%, has been at or slightly above the national average. In the latest quarter, Elburn's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Elburn's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
$451,301
for Illinois
for nation
2,122
$2,274 / per month