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South Elgin village, IL

ZIP 60177 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60177

Median Home Value
$296,200
Median Rent
$1,500
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,903/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60177 in South Elgin village, IL, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,903. That sits below the local median household income ($123,700), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.3%+24% vs US avg
x
Vacancy Rate
1.9%-81% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
6.3%-57% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
23.3%-39% vs US avg
x
$296,200
Home Value
$1,500
Rent
1996
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.1%
  • 1-unit attached15.0%
  • 2-9 units8.0%
  • 10+ units8.2%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$296,200
Median rent$1,500
Owner-occupied81.3%
Vacant1.9%
Price-to-income2.4x
Est. income to buy$82,000